IDEAS home Printed from https://ideas.repec.org/p/ags/waeaar/321423.html

Joint Estimation of Contingent Valuation Survey Responses

Author

Listed:
  • Park, Timothy
  • Loomis, John

Abstract

Hanemann's utility difference model for the dichotomous choice contingent valuation method is modified to account for interrelationships between responses to a set of contingent valuation questions. A nonlinear seemingly unrelated regression model is presented to jointly estimate the probit models and to derive WTP from the CV responses. The model is used to test and impose restrictions derived from economic theory on the utility difference model. Mean WTP estimates for three different types of changes in the quality of California deer hunting were uniformly lower for the joint response probit model compared to a set of independent probit models. Copyright Kluwer Academic Publishers 1996
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Park, Timothy & Loomis, John, 1991. "Joint Estimation of Contingent Valuation Survey Responses," WAEA/ WFEA Conference Archive (1929-1995) 321423, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waeaar:321423
    DOI: 10.22004/ag.econ.321423
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/321423/files/giannini-misc-556.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.321423?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Smith, V. Kerry & Kaoru, Yoshiaki, 1986. "Modeling recreation demand within a random utility framework," Economics Letters, Elsevier, vol. 22(4), pages 395-399.
    2. Krinsky, Itzhak & Robb, A Leslie, 1990. "On Approximating the Statistical Properties of Elasticities: A Correction," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 189-190, February.
    3. Keith, John E. & Lyon, Kenneth S., 1985. "Valuing Wildlife Management: A Utah Deer Herd," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-7, December.
    4. McConnell, K. E., 1990. "Models for referendum data: The structure of discrete choice models for contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 18(1), pages 19-34, January.
    5. W. Michael Hanemann, 1984. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 332-341.
    6. John P. Hoehn, 1991. "Valuing the Multidimensional Impacts of Environmental Policy: Theory and Methods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 289-299.
    7. Morey, Edward R. & Shaw, W. Douglass & Rowe, Robert D., 1991. "A discrete-choice model of recreational participation, site choice, and activity valuation when complete trip data are not available," Journal of Environmental Economics and Management, Elsevier, vol. 20(2), pages 181-201, March.
    8. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
    9. Tsu-tan Fu & James E. Epperson & Joseph V. Terza & Stanley M. Fletcher, 1988. "Producer Attitudes Toward Peanut Market Alternatives: An Application of Multivariate Probit Joint Estimation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(4), pages 910-918.
    10. Brown, Gardner M, Jr & Mendelsohn, Robert, 1984. "The Hedonic Travel Cost Method," The Review of Economics and Statistics, MIT Press, vol. 66(3), pages 427-433, August.
    11. Grogger, Jeffrey, 1990. "A simple test for exogeneity in probit, logit, and poisson regression models," Economics Letters, Elsevier, vol. 33(4), pages 329-332, August.
    12. Guilkey, David K. & Murphy, James L., 1993. "Estimation and testing in the random effects probit model," Journal of Econometrics, Elsevier, vol. 59(3), pages 301-317, October.
    13. Chesher, Andrew, 1985. "Score tests for zero covariances in recursive linear models for grouped or censored data," Journal of Econometrics, Elsevier, vol. 28(3), pages 291-305, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. is not listed on IDEAS
    2. Alberto Longo & David Hoyos & Anil Markandya, 2015. "Sequence Effects in the Valuation of Multiple Environmental Programs Using the Contingent Valuation Method," Land Economics, University of Wisconsin Press, vol. 91(1), pages 20-35.
    3. Mozumder, Pallab & Vásquez, William F. & Marathe, Achla, 2011. "Consumers' preference for renewable energy in the southwest USA," Energy Economics, Elsevier, vol. 33(6), pages 1119-1126.
    4. Mary Riddel & John Loomis, 1998. "Joint Estimation of Multiple CVM Scenarios under a Double Bounded Questioning Format," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(1), pages 77-98, July.
    5. Pallab Mozumder & Ryan Helton & Robert P. Berrens, 2009. "Provision of a Wildfire Risk Map: Informing Residents in the Wildland Urban Interface," Risk Analysis, John Wiley & Sons, vol. 29(11), pages 1588-1600, November.
    6. Polinori, Paolo, 2019. "Wind energy deployment in wind farm aging context. Appraising an onshore wind farm enlargement project: A contingent valuation study in the Center of Italy," Energy Economics, Elsevier, vol. 79(C), pages 206-220.
    7. Alberto Longo & David Hoyos & Anil Markandya, 2012. "Willingness to Pay for Ancillary Benefits of Climate Change Mitigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(1), pages 119-140, January.
    8. John C. Whitehead, 2000. "“Anchoring and Shift in Multiple Bound Contingent Valuation,”," Working Papers 0004, East Carolina University, Department of Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mandy Ryan, 2004. "A comparison of stated preference methods for estimating monetary values," Health Economics, John Wiley & Sons, Ltd., vol. 13(3), pages 291-296, March.
    2. Hanemann, W. Michael & Kanninen, Barbara, 1996. "The Statistical Analysis Of Discrete-Response Cv Data," CUDARE Working Papers 25022, University of California, Berkeley, Department of Agricultural and Resource Economics.
    3. Joseph Cooper, 1993. "A bioeconomic model for estimating the optimal level of deer and tag sales," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(6), pages 563-579, December.
    4. K. McConnell* & I. Strand & Sebastián Valdés, 1998. "Testing Temporal Reliability and Carry-over Effect: The Role of Correlated Responses in Test-retest Reliability Studies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(3), pages 357-374, October.
    5. Jae Kim & Seung-Nam Kim & Soogwan Doh, 2015. "The distance decay of willingness to pay and the spatial distribution of benefits and costs for the ecological restoration of an urban branch stream in Ulsan, South Korea," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 835-853, May.
    6. Bateman, Ian J. & Langford, Ian H. & Jones, Andrew P. & Kerr, Geoffrey N., 2001. "Bound and path effects in double and triple bounded dichotomous choice contingent valuation," Resource and Energy Economics, Elsevier, vol. 23(3), pages 191-213, July.
    7. Seung-Hoon Yoo & Hee-Jong Yang, 2001. "Application of Sample Selection Model to Double-Bounded Dichotomous Choice Contingent Valuation Studies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 20(2), pages 147-163, October.
    8. Jang, Jinyong & Lee, Jongsu & Yoo, Seung-Hoon, 2014. "The public׳s willingness to pay for securing a reliable natural gas supply in Korea," Energy Policy, Elsevier, vol. 69(C), pages 3-13.
    9. Kelly Giraud & John Loomis & Joseph Cooper, 2001. "A Comparison of Willingness to Pay Estimation Techniques From Referendum Questions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 20(4), pages 331-346, December.
    10. Ho-Young Kim & So-Yeon Park & Seung-Hoon Yoo, 2016. "Public Acceptability of Introducing a Biogas Mandate in Korea: A Contingent Valuation Study," Sustainability, MDPI, vol. 8(11), pages 1-16, October.
    11. Seung-Jun Kwak & Seung-Hoon Yoo & Sang-Yong Han, 2003. "Estimating the Public's Value for Urban Forest in the Seoul Metropolitan Area of Korea: A Contingent Valuation Study," Urban Studies, Urban Studies Journal Limited, vol. 40(11), pages 2207-2221, October.
    12. Johnston, Robert J. & Swallow, Stephen K. & Bauer, Dana Marie, 2002. "Stated Preferences And Length Of Residency In Rural Communities: Are Development And Conservation Values Heterogeneous?," 2002 Annual meeting, July 28-31, Long Beach, CA 19683, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Johnston, Robert J., 2006. "Is hypothetical bias universal? Validating contingent valuation responses using a binding public referendum," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 469-481, July.
    14. Samuel D. Zapata & Carlos E. Carpio, 2014. "The theoretical structure of producer willingness to pay estimates," Agricultural Economics, International Association of Agricultural Economists, vol. 45(5), pages 613-623, September.
    15. Kim, Hyo-Jin & Lim, Seul-Ye & Yoo, Seung-Hoon, 2017. "Is the Korean public willing to pay for a decentralized generation source? The case of natural gas-based combined heat and power," Energy Policy, Elsevier, vol. 102(C), pages 125-131.
    16. Johnston, Robert J. & Joglekar, Deepak P., 2005. "Validating Hypothetical Surveys Using Binding Public Referenda: Implications for Stated Preference Valuation," 2005 Annual meeting, July 24-27, Providence, RI 19519, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    17. Seul-Ye Lim & Ho-Young Kim & Seung-Hoon Yoo, 2016. "Public Willingness to Pay for Transforming Jogyesa Buddhist Temple in Seoul, Korea into a Cultural Tourism Resource," Sustainability, MDPI, vol. 8(9), pages 1-13, September.
    18. Lim, Seul-Ye & Min, Seo-Hyeon & Yoo, Seung-Hoon, 2016. "The public value of contaminated soil remediation in Janghang copper smelter of Korea," Resources Policy, Elsevier, vol. 50(C), pages 66-74.
    19. Lim, Seul-Ye & Kim, Hyo-Jin & Yoo, Seung-Hoon, 2017. "Public's willingness to pay a premium for bioethanol in Korea: A contingent valuation study," Energy Policy, Elsevier, vol. 101(C), pages 20-27.
    20. Hoehn, John P. & Loomis, John B., 1992. "Substitution Effects in the Contingent Valuation of Multiple Environmental Programs: A Maximum Likelihood Estimator and Empirical Tests," Staff Paper Series 201147, Michigan State University, Department of Agricultural, Food, and Resource Economics.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:waeaar:321423. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.