CONJOINT ANALYSIS OF GROUNDWATER PROTECTION PROGRAMS

Three conjoint models-a traditional ratings model, a ratings difference specification, and a binary response model-were used to value groundwater protection program alternatives. The last, which is virtually identical to a dichotomous choice contingent valuation specification, produced the smallest value estimates. This suggests that the conjoint model is very sensitive to model specifications and that traditional conjoint models may overestimate economic value because many respondents are not in the market for the commodity being valued.


Issue Date:
1997-10
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/31562
PURL Identifier:
http://purl.umn.edu/31562
Published in:
Agricultural and Resource Economics Review, 26, 2
Page range:
229-236
Total Pages:
8




 Record created 2017-04-01, last modified 2019-08-26

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