INFORMATION IMPACTS ON STATED VS. REVEALED PREFERENCE VALUATION OF ENVIRONMENTAL QUALITY

Hite, Diane

doi:10.22004/ag.econ.21791

INFORMATION IMPACTS ON STATED VS. REVEALED PREFERENCE VALUATION OF ENVIRONMENTAL QUALITY

A database is used that combines survey and housing variables to compare stated willingness to pay (WTP) to revealed WTP to avoid living in proximity to a land -ll. The results suggest that stated WTP is closer to that predicted by the hedonic for knowledgeable homebuyers than for ignorant homebuyers.

Subject(s):

Environmental Economics and Policy

Issue Date:

2000

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.21791

Record Identifier:

https://ageconsearch.umn.edu/record/21791

PURL Identifier:

http://purl.umn.edu/21791