Application of the double-bounded dichotomous choice model to the estimation of crowding acceptability in natural recreation areas

Aikoh, Tetsuya; Shoji, Yasushi; Tsuge, Takahiro; Shibasaki, Shigemitsu; Yamamoto, Kiyotatsu

doi:10.1016/j.jort.2018.10.006

Cited by 10 publications

(3 citation statements)

References 41 publications

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“…The soft-voting model is a commonly used method for the questionnaire in a CVM study. It shows a high probability of producing a consumer surplus (CS) that approximates reality [56]. The double-bounded dichotomous choice model is divided, based on the selected method of estimation, into the bivariate dichotomous choice model developed by Cameron and Quiggin [57], the interval data model developed by Hanemann et al [58], and the Turnbull model of non-parametric distribution developed by Haab and McConnel [59].…”

Section: Experimental Designmentioning

confidence: 99%

Estimation of Citizens’ Willingness to Pay for the Implementation of Payment for Local Forest Ecosystem Services: The Case of Taxes and Donations

Lee

Cho

et al. 2021

Sustainability

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The purpose of this study is to determine a valid strategy for implementing payment for the local forest ecosystem services (local forest PES) by considering citizens’ willingness to pay (WTP) and the resource types utilized (taxes and donations). A total of 1000 citizens responded to an online survey, which consisted of questions related to respondents’ socio-demographics, predicting factors (i.e., political orientation, personal tie to the region) of their willingness to pay (WTP), and their willingness to pay for a bundle of 10 different forest ecosystem services (ESs) in the region of the Yeoninsan provincial park in Gapyeong-gun, Gyeonggi-do, South Korea. The estimation of the respondents’ WTP for the promotion of the forest management activities, which enhances the ES bundle of the local forest, was 14,315–20,216 KRW (12.75–18.00 USD) per year in taxes and 12,258–26,518 KRW (10.92–23.61 USD) per year in donations. This study also revealed that the predicting factors influencing the respondents’ WTP for the promotion of the local forest ESs differed according to the financial resource type (taxes and donations). The results of this study are meaningful in that they can be used as empirical basic data in estimating payments and preparing measures to secure financial resources when designing payments for the ecosystem services for the local forest.

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Section: Experimental Designmentioning

confidence: 99%

Estimation of Citizens’ Willingness to Pay for the Implementation of Payment for Local Forest Ecosystem Services: The Case of Taxes and Donations

Lee

Cho

et al. 2021

Sustainability

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“…Then, it can be expressed using a log-normal, log-logistic, and Weibull cumulative density function (CDF) [52], as shown in Table 5, where t is the bid offered for the respondent.…”

Section: Data Analysis Methodsmentioning

confidence: 99%

Estimating the Value of Statistical Life in a Road Safety Context Based on the Contingent Valuation Method

Mekonnen

Beza

Sipos

2022

Journal of Advanced Transportation

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A cost-benefit analysis in a road safety context fundamentally analyzes the advantage of higher safety or lower risk. It can help determine if increasing spending on road safety programs is cost-effective. This study estimates the value of statistical life (VSL)—the amount of money that might be justified to save one person’s life. The VSL is calculated using the willingness to pay (WTP) data obtained through a contingent valuation survey. Three discrete choice models are developed: log-logistic, log-normal, and Weibull. The log-logistic model outperforms the log-normal and Weibull models, comparing Akaike’s Information Criterion (AIC) and Bayesian Information Criterion (BIC) values. We consider the log-logistic model’s mean and median WTP values to estimate the VSL value in the Ethiopian road transport safety context. The VSL estimate in the Ethiopian road transport safety context is 53.52 million ETB (USD 1.07 million). The respondents’ median WTP is ETB 714.44 (USD 14.23). Although the study is in Ethiopia, the findings can be applied to other low- and middle-income countries (LMICs) for the same purpose with modifications. The research findings will aid in a better understanding of the economic efficiencies of increased spending on road safety initiatives. Future research could compare current trends in road safety investment to the amount that should be spent based on the economic justifications from this study.

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“…The DBDC-CV model is widely used to investigate subjects such as WTP for clean energy use [31,35,36], WTP for environmental goods [37][38][39] and for consumer goods [40,41].…”

Section: Willingness To Pay and Contingent Valuation Method: An Overviewmentioning

confidence: 99%

Italian Consumers’ Willingness to Pay for Eucalyptus Firewood

Palmieri¹,

Suardi²,

Pari³

2020

Sustainability

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Eucalyptus trees cover about 20 million hectares globally and are used to produce pulp, paper and firewood for domestic uses. From an environmental perspective, these trees have fewer impacts than other crops. In Italy, plantations of eucalyptus can provide a large amount of biomass to satisfy part of the country’s internal demand. However, eucalyptus cultivation is less profitable than cultivation of traditional crops due to the low market prices of wood. This study aims both to analyze the willingness of a sample of Italian consumers to pay for eucalyptus firewood and to investigate the main factors that may affect this willingness. Data are collected from a sample of 231 consumers using a web-based survey. The double-bounded dichotomous choice contingent valuation model is then applied. The findings show that information, the energetic density of firewood, consumers’ interest in environment issues, and the age of respondents are aspects that are positively associated with respondents’ willingness to pay for eucalyptus firewood. Conversely, interest in both firewood species and packaging are factors that reduce consumer willingness to pay for eucalyptus firewood. Even though these results cannot be generalized to the whole Italian population, the findings may indicate new opportunities for eucalyptus, while growing demand for eucalyptus could offer an interesting opportunity for firms to enter the sector and develop marketing strategies targeted towards specific market niches.

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Application of the double-bounded dichotomous choice model to the estimation of crowding acceptability in natural recreation areas

Cited by 10 publications

References 41 publications

Estimation of Citizens’ Willingness to Pay for the Implementation of Payment for Local Forest Ecosystem Services: The Case of Taxes and Donations

Estimation of Citizens’ Willingness to Pay for the Implementation of Payment for Local Forest Ecosystem Services: The Case of Taxes and Donations

Estimating the Value of Statistical Life in a Road Safety Context Based on the Contingent Valuation Method

Italian Consumers’ Willingness to Pay for Eucalyptus Firewood

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