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American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) >
2005 Annual meeting, July 24-27, Providence, RI >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/19109
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| Title: | A Pseudo-Sequential Choice Model for Valuing Multiple Environmental Policy or Program Components in Contingent Valuation Applications |
| Authors: | Volinskiy, Dmitriy
Bergstrom, John
Cornwell, Christopher |
| 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 specifcation 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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| sp05vo01.pdf | 276Kb | PDF | View/Open |
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