|Combining Willingness to Pay and Behavior Data with Limited Information
||In order to incorporate behavioral change in the willingness to pay model we jointly estimate contingent valuation and revealed and contingent behavior data. The willingness to pay model includes the change in the number of recreation trips as an ind...
|A Comparison of Contingent Valuation Method and Random Utility Model Estimates of the Value Of Avoiding Reductions In King Mackerel Bag Limits
||This paper estimates the value of king mackerel bag limit changes with both stated and revealed preference methods. The 1997 Marine Recreational Fishery Statistical Survey allows estimation of the value of avoiding bag limit reductions with the rando...
|Construct Validity of Dichotomous and Polychotomous Choice Contingent Valuation Questions
||In this note we conduct construct validity tests for dichotomous choice (DC) and polychotomous
choice (PC) contingent valuation questions. Contrary to previous results, we find that DC
and PC estimates of willingness to pay are theoretically valid,...
|A Contingent Valuation Estimate of the Benefits of Wolves in Minnesota
||In this paper we estimate the willingness to pay for a wolf management plan and a
wolf damage plan in Minnesota using the contingent valuation method. The theoretical definition of willingness to pay for wolf protection is composed of use and non-us...
|Convergent Validity of Revealed and Stated Recreation Behavior with Quality Change: A Comparison of Multiple and Single Site Demands
||We consider the convergent validity of several demand models using beach recreation data. Two models employ multiple site data: a count data demand system model and the Kuhn–Tucker demand system model. We explore the role of existing variation in bea...
|The Development and Estimation of a Latent Choice Multinomial Logit Model with Application to Contingent Valuation
||We offer a new approach to investigate hypothetical bias in contingent valuation using a latent choice multinomial logit model. To develop this model, we extend Dempster, Laird, and Rubin’s 1977 work on the expectations maximization algorithm to the ...
|Economic effects of Pfiesteria
||Pfiesteria is a single-celled microorganism that is a toxic predator of a number of fish species. We measure the effects of information about Pfiesteria on three related decision processes of the consumer: risk perceptions, seafood demand, and willin...
|Effects of Information about Invasive Species on Risk Perception and Seafood Demand by Gender and Race
||In this paper we consider the effects of negative and positive risk information on perceived seafood risks and seafood consumption by gender and race. The data is from a Mid-Atlantic survey of coastal seafood consumers. We elicit risk perceptions in ...
|Environmental Risk and Averting Behavior: Predictive Validity of Jointly Estimated Revealed and Stated Behavior Data
||We conduct predictive validity tests using revealed and stated behavior data from a
panel survey of North Carolina coastal households. The application is to hurricane evacuation
behavior. Data was initially collected after Hurricane Bonnie led to h...
|Estimating environmental benefits of natural hazard mitigation with data transfer: results from a benefit-cost analysis of Federal Emergency Management Agency hazard mitigation grants
||This paper summarizes methods, data and results associated with the first major attempt to evaluate the environmental benefits of U.S. Federal Emergency Management Agency natural hazards mitigation grants. The study relied heavily on the refinement o...
|From Hopeless to Curious? Thoughts on Hausman’s “Dubious to Hopeless” Critique of Contingent Valuation
||Hausman “selectively” reviewed the contingent valuation method (CVM) literature in 2012 and failed to find progress in the method during the 18 years since Diamond and Hausman argued that unquantified benefits and costs are preferred to those quantif...
|Going Home: Evacuation-Migration Decisions of Hurricane Katrina Survivors
||In the wake of Hurricane Katrina, many evacuees from the Gulf region began the difficult process of deciding whether to rebuild or restart elsewhere. We examine pre-Katrina Gulf residents' decision to return to the postdisaster Gulf region--which we ...
|Green vs. Green: Measuring the Compensation Required to Site Electrical Generation Windmills in a Viewshed
||Proponents of wind power note that wind is a green energy source. Yet locating electrical generating windmills has become difficult in some localities because of potential negative externalities. We address why the NIMBY syndrome may arise when choos...
|Improving Willingness to Pay Estimates for Quality Improvements through Joint Estimation with Quality Perceptions
||Willingness to pay for quality change may depend on heterogeneous perceived quality levels. Contingent valuation studies should include measures of quality perceptions as covariates in the willingness to pay model in order to avoid omitted variable b...
|Measuring Contingent Values for Wetlands: Effects of Information about Related Environmental Goods
||A model of contingent market behavior is developed which emphasizes the role of household information about wetlands and related environmental goods.
|Measuring the Economic Benefits of Saginaw Bay Coastal Marsh with Revealed and Stated Preference Methods
||We estimate the economic benefits of Saginaw Bay coastal marsh with the travel cost and contingent valuation methods. The travel cost method is based on revealed preferences: actual recreation behavior. Using a sample of the general population of Mic...
|Measuring the economic effects of sea level rise on shore fishing
||In this paper we develop estimates of the economic effects of sea level rise on marine recreational shore fishing in North Carolina, USA. The relationship between angler behavior and spatial differences in beach width is estimated using the Marine Re...
|Measuring the Impact of Sea-Level Rise on Coastal Real Estate: A Hedonic Property Model Approach
||This study estimates the impact of sea-level rise on coastal real estate in North Carolina using a unique integration of geospatial and hedonic property data. With rates of sea- level rise approximately double the global average, North Carolina has o...
|Measuring Recreation Benefits of Quality Improvements with Revealed and Stated Behavior Data
||We propose a combined revealed and stated behavior estimation method to measure recreation benefits of a fixed quality improvement that directly addresses the issues of variation in environmental quality beyond the observed range and new participatio...
|One Million Dollars per Mile? The Opportunity Costs of Hurricane Evacuation
||Emergency managers should balance the benefits and costs of voluntary and mandatory evacuation orders when issuing orders prior to a hurricane. The only estimate of hurricane evacuation costs is the often-quoted “one million dollars per mile” of evac...
|Part-Whole Bias in Contingent Valuation: Will Scope Effects Be Detected with Inexpensive Survey Methods?
||The purpose of this paper is to test for scope effects with the contingent valuation method. We
use data from a telephone survey focusing on water quality improvements in the Albemarle
and Pamlico Sounds in North Carolina. We find that the willingn...
|The Production of Health and the Valuation of Medical Inputs in Wage-Amenity Models
||Using a hedonic wage-amenity model, this paper examines the valuation of medical inputs into the production of health. The data used in this study include the incomes, demographics and measures of human capital for households in eastern North Carolin...
|Resource Quality Information and Validity of Willingness to Pay in Contingent Valuation
||Elicitation of valid statements of contingent value requires survey participants who are familiar with the environmental resource change. A primary purpose of the contingent market must be to assure familiarity by providing information. Information a...
|Sea-Level Rise Research and Dialogue in North Carolina: Creating Windows for Policy Change
||Coastal areas are among the world's most vulnerable landscapes to impacts related to climate change, including inundation from sea-level rise (SLR), increased exposure to shoreline erosion, and greater frequency and intensity of storms. The status of...
|Specification Bias in Contingent Valuation from Omission of Relative Price Variables
||The specification bias from omission of relative price variables in contingent valuation functions is investigated. Omitted variable bias will cause the determinants of willingness to pay (WTP) to assume zero. The omission of relative price variables...
|A Split-Sample Revealed and Stated Preference Demand Model to Examine Homogenous Subgroup Consumer Behavior Responses to Information and Food Safety Technology Treatments
||The combination and joint estimation of revealed and stated preference (RP/SP) data approach to examining consumer preferences to relevant policy-based measures typically fail to account for heterogeneity in the data by considering behavior of the av...
|Temporal Reliability of Willingness to Pay from the National Survey of Fishing, Hunting, and Wildlife- Associated Recreation
||The US Fish and Wildlife Service’s (USFWS) National Survey of Fishing,
Hunting and Wildlife-Associated Recreation (FHWAR) has been a source
of information on wildlife-related recreation since 1955. The contingent
valuation method has been used to ...
|Using Contingent Valuation to Measure the Compensation Required to Gain Community Acceptance of a LULU: The Case of a Hazardous Waste Disposal Facility
||The contingent valuation (CV) method was used to measure the compensation required for the siting of a hazardous waste disposal facility. Previous studies using the CV method were examined to determine the importance of subjective risk assessment. A ...
|Value of Public Goods from Sport Stadiums: The CVM Approach
||Many state and local governments have subsidized the construction of arenas and stadiums for the use of professional sports teams. They often justify the subsidies by claiming the projects create valuable public goods and positive externalities, thou...
|The Value of Public Goods Generated by a Major League Sports Team: The CVM Approach
||This article reports an application of the contingent valuation method to measure the value
of public goods generated by a professional sports team, the Pittsburgh Penguins of the
National Hockey League. The data and analysis indicate that a major ...
|Weathering the Storm: Measuring Household Willingness-to-Pay for Risk-Reduction in Post-Katrina New Orleans
||The city of New Orleans suffered extensive damage as a result of Hurricane Katrina. Rebuilding involves decisions on investment in protective measures. An exhaustive list of protective measures has been studied in planning documents, with public comm...
|Willingness to pay for downtown public goods generated by large, sports-anchored development projects: The CVM approach
||North American cities have long encouraged redevelopment of their downtown cores to counteract the flight of residents and business to the suburbs in the postwar period. Building subsidized arenas and stadiums for professional sports teams downtown b...
|Willingness to Pay for a Green Energy program: A Comparison of Ex-Ante and Ex-Post Hypothetical Bias Mitigation Approaches
||The most persistently troubling empirical result in the contingent valuation method literature is the tendency for hypothetical willingness to pay to overestimate real willingness to pay. Two approaches, ex-ante and ex-post, have been developed to mi...
|Willingness to Pay for Submerged Maritime Cultural Resources
||Many consider salvage value and tourism expenditures as the only economic values of a
historic shipwreck. This paper looks at one alternative, the non-market value generated by management of shipwrecks as submerged maritime cultural resources. We co...
|The Willingness to Pay to Remove Billboards and Improve Scenic Amenities
||We use the contingent valuation method to measure the amount citizens are willing to pay to improve scenic mountain-view amenities through the removal of billboards. Our approach addresses both the perceived property rights as well as the perceptions...
|Wind Turbines and Coastal Recreation Demand
||We examine the impact of coastal wind turbines on local coastal tourism and recreation for residents of the northeastern coastal counties in North Carolina. A combination of telephone and web survey data are used to assess the impact of coastal wind ...