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Effects of Public Funding on Local Tradeoffs and Willingness to Pay (WTP) in a Choice Experiment: Blackstone River Watershed Management

Author

Listed:
  • Achyut Kafle

    (University of Connecticut)

  • Stephen K. Swallow

    (University of Connecticut)

  • Elizabeth C. Smith

Abstract

In a split sample design, we examine the impact of federal funding availability on Willingness to Pay (WTP) for watershed management program attributes and tradeoffs in a choice experiment. We also evaluate how presenting respondents with different sets of choice attributes, in alternative survey designs, affects the estimation of preference functions. We also compared preferences for watershed management attributes across sub-watersheds. These issues were evaluated using the Blackstone River Watershed Public Preference Survey, in Rhode Island, USA. Our results indicate that neither federal support nor geographically distinct sub-watersheds had significant impact on tradeoffs elicited among management attributes. However, survey design may induce respondents to show distinct preferences for watershed management. We examined these issues using a multinomial logit model in comparison with a Latent Class Model (LCM) to account for heterogeneity in preferences.

Suggested Citation

  • Achyut Kafle & Stephen K. Swallow & Elizabeth C. Smith, 2011. "Effects of Public Funding on Local Tradeoffs and Willingness to Pay (WTP) in a Choice Experiment: Blackstone River Watershed Management," Working Papers 06, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
    • Handle: RePEc:zwi:wpaper:06
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    File URL: http://www.zwickcenter.uconn.edu/documents/wp6.pdf
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    Cited by:

    1. Yue, Ian T. & Swallow, Stephen K., 2014. "Identifying which ecosystem services coastal residents actually value: A choice experiment survey of the Eastern Shore of Virginia regarding climate change adaptation," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 173302, Agricultural and Applied Economics Association.
    2. Swallow, Stephen K., 2013. "Demand-side Value for Ecosystem Services and Implications for Innovative Markets: Experimental Perspectives on the Possibility of Private Markets for Public Goods," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(1), pages 1-24, April.

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