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Estimating willingness-to-pay with random valuation models : an application to Lake Sevan, Armenia

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"This paper presents a case study of willingness-to-pay (WTP) estimation using random valuation models. A contingent valuation survey was conducted in Yerevan, Armenia to estimate people's WTP for the protection of Lake Sevan. Three elicitation formats - open-ended, closed-ended, and the...

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Estimating willingness-to-pay with random valuation models : an application to Lake Sevan, Armenia

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Estimating Willingness-to-Pay with Random Valuation Models : An Application to Lake Sevan, Armenia

Wang, Hua - 2016

This paper presents a case study of willingness-to-pay (WTP) estimation using random valuation models. A contingent valuation survey was conducted in Yerevan, Armenia to estimate people's WTP for the protection of Lake Sevan. Three elicitation formats-open-ended, closed-ended, and the stochastic...

Persistent link: https://www.econbiz.de/10012749090