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Temporal Payment Issues In Contingent Valuation Analysis

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  • Bond, Craig A.
  • Giraud, Kelly L.
  • Larson, Douglas M.

Abstract

We analyze agent response to disparate payment schedules for protection of critical habitat units for the Seller sea lion in Alaska. The model allows for identification of implicit and explicit discount rates using information from a system of maximum likelihood equations. Testing is done using data for one, five, and fifteen year payment treatments.

Suggested Citation

  • Bond, Craig A. & Giraud, Kelly L. & Larson, Douglas M., 2002. "Temporal Payment Issues In Contingent Valuation Analysis," 2002 Annual meeting, July 28-31, Long Beach, CA 19753, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19753
    DOI: 10.22004/ag.econ.19753
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    References listed on IDEAS

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    1. van der Pol, Marjon & Cairns, John, 2001. "Estimating time preferences for health using discrete choice experiments," Social Science & Medicine, Elsevier, vol. 52(9), pages 1459-1470, May.
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    Cited by:

    1. Kim, Sooil & Haab, Timothy C., 2003. "Temporal Insensitivity Of Pvwtp And Implied Discount Rates In Cvm," 2003 Annual meeting, July 27-30, Montreal, Canada 21921, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Kim, Soo-Il & Haab, Timothy C., 2009. "Temporal insensitivity of willingness to pay and implied discount rates," Resource and Energy Economics, Elsevier, vol. 31(2), pages 89-102, May.

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