Bateman, Ian (contributor); Munro, Alistair (contributor); … - 2005
5
from the two or three presented to them. The subsequent valuation exercise elicited
willingness to pay for the … the second step. Formally, following Greene (2002, 2003a,
2003b), letting WTP = the observed willingness to pay value and ….3 Expansion of the Choice Set and Average WTP – H3
Willingness to pay values by choice set and choice are provided in Table 4 …