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Please use this identifier to cite or link to this item: http://purl.umn.edu/19109

Title: A Pseudo-Sequential Choice Model for Valuing Multiple Environmental Policy or Program Components in Contingent Valuation Applications
Authors: Volinskiy, Dmitriy
Bergstrom, John C.
Cornwell, Christopher M.
Authors (Email): Volinskiy, Dmitriy (dvolinskiy@agecon.uga.edu)
Bergstrom, John (jbergstrom@agecon.uga.edu)
Cornwell, Christopher (cornwl@terry.uga.edu)
Issue Date: 2005
Series/Report no.: Selected Paper 136373
Abstract: The study proposes a discrete-choice model for environmental policy/program valuation, to be used in cases when several policies are valued sequentially. The stochastic specification of the model is consistent with the transitivity and continuity axioms of utility analysis. An empirical methodology for the model is suggested. An application of this model to WTP estimation for Little Tennessee River watershed ecosystem restoration is provided. Findings from the application agree with the hypothesized agent's behavior.
URI: http://purl.umn.edu/19109
Institution/Association: American Agricultural Economics Association>2005 Annual meeting, July 24-27, Providence, RI
Total Pages: 15
Language: English
Collections:2005 Annual meeting, July 24-27, Providence, RI

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