IDEAS home Printed from https://ideas.repec.org/p/hhs/umnees/0517.html
   My bibliography  Save this paper

Economics without markets. Four papers on the Contingent Valuation and Stated Preference Methods

Author

Listed:
  • Vredin Johansson, Maria

    () (Department of Economics, Umeå University)

Abstract

This thesis consists of four papers. The first two papers deal with the valuation of an endangered species, the African elephant. The third paper is on the assessment of attribute values for work trips. The fourth paper models the number of alternative travel modes for work trips. Paper [I] reports benefit estimates from a Contingent Valuation (CV) survey of Swedish households' willingness to pay (WTP) for the preservation of the African elephant. Methodological aspects of the CV method are addressed, such as the method's susceptibility to variations in the payment vehicle and in the time-horizon of the payment obligation. None of the treatments have significant impact on the WTP. Paper [II] analyses determinants of the WTP from Paper [I]. A double hurdle model for household choice is formulated where the household first decides whether to give to elephant protection or not and, then, decides on the size of the donation. The model is estimated with Heckman's two-step estimator. With one exception, the determinants significant for the decision to give are not the same as the ones significant for the decision on how much to give. Paper [III] uses stated preference data to estimate the values of time and safety for work trips. In standard and random parameters logit models the respondent's modal choice is related to the perceived time, cost, safety, and environmental friendliness or flexibility of the alternatives. The perceived time, cost and safety are shown to significantly affect the choice of work trip travel mode. From the estimated models we assess attribute values for time and safety. Paper [IV] estimates two count data models, an ordinary Poisson and a polynomial Poisson of order one (PP1), to explain the individual's number of alternative travel modes for work trips. The PP1 model, which allows for departures from equidispersed data, cannot improve the Poisson model. The individual's income and the distance to the workplace are found to affect the number of alternative travel modes for work trips.

Suggested Citation

  • Vredin Johansson, Maria, 1999. "Economics without markets. Four papers on the Contingent Valuation and Stated Preference Methods," Umeå Economic Studies 517, Umeå University, Department of Economics.
  • Handle: RePEc:hhs:umnees:0517
    as

    Download full text from publisher

    File URL: http://www.econ.umu.se/DownloadAsset.action?contentId=121130&languageId=3&assetKey=ues517
    Download Restriction: no

    Citations

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


    Cited by:

    1. Vredin Johansson, Maria & Heldt, Tobias & Johansson, Per, 2006. "The effects of attitudes and personality traits on mode choice," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(6), pages 507-525, July.

    More about this item

    Keywords

    Intertemporal Embedding; Discrete/Continuous Choice; Value of Statistical Life; Value of Time; Random Parameters Logit; Count Data; Choice Set Size;

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:hhs:umnees:0517. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David Skog). General contact details of provider: http://edirc.repec.org/data/inumuse.html .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.