2005
DOI: 10.1016/j.reseneeco.2004.07.002
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Combining willingness to pay and behavior data with limited information

Abstract: 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 independent variable. Models that do not account for the endogeneity of trips produce inconsistent coefficient estimates. Accounting for the endogeneity of the change in trips in both independent and jointly estimated models of willingness to pay and behavior leads to… Show more

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Cited by 36 publications
(20 citation statements)
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“…The plot level WTP data and farmer level data in our sample include 63% and 58% zeros, respectively. While a Tobit estimator (Tobin 1958) is often used to deal with a continuous dependent variable with many observations piled up at some limiting level, in this case zero WTP (Cho, et al 2005;Halstead, et al 1991;Norris and Batie 1987;Whitehead 2005), it is not appropriate in instances where zero bids do not mask negative bids (Sigelman and Zeng 1999). Because LLL is not a risky technology, and more level plots are unambiguously better than less level plots, we do not believe zero bids mask negative bids.…”
Section: Ceteris Paribus Determinants Of Demandmentioning
confidence: 92%
“…The plot level WTP data and farmer level data in our sample include 63% and 58% zeros, respectively. While a Tobit estimator (Tobin 1958) is often used to deal with a continuous dependent variable with many observations piled up at some limiting level, in this case zero WTP (Cho, et al 2005;Halstead, et al 1991;Norris and Batie 1987;Whitehead 2005), it is not appropriate in instances where zero bids do not mask negative bids (Sigelman and Zeng 1999). Because LLL is not a risky technology, and more level plots are unambiguously better than less level plots, we do not believe zero bids mask negative bids.…”
Section: Ceteris Paribus Determinants Of Demandmentioning
confidence: 92%
“…1. This increases the sample size and consequently improves the econometric efficiency of evacuation expenditures models here estimated (Whitehead 2005b;Whitehead et al 2008). Both revealed and stated behavior data may have their own issues.…”
Section: Analytical Framework and Empirical Modelingmentioning
confidence: 93%
“…Ecological status may not be a quality indicator easily observable by the public that would have an effect on recreation behavior. Site selection studies have used a multitude of different water quality variables from the amount of suspended solids (Egan et al 2004, Parsons et al 2003 and harmful bacteria in water (Parsons et al 2003) to subjective measures of water quality (Whitehead et al 2000, Whitehead 2005). …”
Section: Water Resources Recreation Participation and Water Quality mentioning
confidence: 99%