Quality of Life as an Explanation of the Divergence between Ranchers’' WTA and WTP for Public Forage

This research provides empirical support for divergence between WTA and WTP, based on results from a 2002 survey of Nevada ranchers. WTP for public forage and WTA compensation to part with grazing rights are estimated simultaneously, with the estimators demonstrating a statistically significant divergence while enabling identification of ranch characteristics that influence the discrepancy in valuations. We conclude that ranching lifestyle (quality of life) accounts for some of the difference between WTP and WTA.


Subject(s):
Issue Date:
2006
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/21162
Total Pages:
36
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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