Showing 1 - 10 of 46
It is a generally known statistical fact that the mean of a nonlinear function of a set of random variables is not equivalent to the function evaluated at the means of the variables. However, in dichotomous choice contingent valuation studies a common practice is to calculate an overall mean (or...
Persistent link: https://www.econbiz.de/10005513677
We examine the causal relationships between ethanol production and the agricultural economy and rural incomes in the United States for 1981 through 2010. We use bivariate cointegration and Granger causality procedures and account for two structural breaks in ethanol production in the analysis,...
Persistent link: https://www.econbiz.de/10011142612
Recent research shows that disparities between willingness to pay (WTP) and willingness to accept (WTA) disappear with market experience and training. In effect, preferences can be refined by eliminating subjects’ misconceptions regarding elicitation procedures. We use a stated measure of...
Persistent link: https://www.econbiz.de/10011142624
Stated preference scenarios often provide information on intermediate biophysical processes but omit information on the resulting final services that provide utility. This may cause respondents to speculate about the effects of intermediate outcomes on their welfare, leading to biased welfare...
Persistent link: https://www.econbiz.de/10011142629
Recent research shows that disparities between willingness to pay (WTP) and willingness to accept (WTA) disappear with market experience and training. In effect, preferences can be refined by eliminating subjects’ misconceptions regarding elicitation procedures. We use a stated measure of...
Persistent link: https://www.econbiz.de/10011142653
The objective of this study was to test for the effect of consequentiality on the probability of a respondent opting out of voting in a stated preference survey. We find that respondents who believe that the survey is inconsequential are more likely to opt out than to vote yes in both...
Persistent link: https://www.econbiz.de/10011082872
Persistent link: https://www.econbiz.de/10011082873
Persistent link: https://www.econbiz.de/10011082880
Research using the Agricultural Resource Management Survey (ARMS) and other data shows that direct government payments to farmers increase rents and the price of land. However, some ARMS data is imputed and does not account for relationships between payments and other variables. We investigate...
Persistent link: https://www.econbiz.de/10011125279
The objective of this study was to test for the effect of consequentiality on the probability of a respondent opting out of voting in a stated preference survey. We find that respondents who believe that the survey is inconsequential are more likely to opt out than to vote yes in both...
Persistent link: https://www.econbiz.de/10011125285