Disentangling the effects of policy and payment consequentiality and risk attitudes on stated preferences

Zawojska, Ewa; Bartczak, Anna; Czajkowski, Mikołaj

doi:10.1016/j.jeem.2018.11.007

Cited by 78 publications

(46 citation statements)

References 65 publications

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“…The second objective of the paper is, therefore, to explore how attitudes pertaining to the concern for the environmental issue, and important and effectiveness of the proposed countermeasures affect the WTP for reductions in marine plastic pollution using an ICLV model. The ICLV approach has increasingly been used in stated preference valuations studies with repeated multinomial (Czajkowski et al, 2017a;Grilli et al, 2018;Hess and Beharry-Borg, 2012;Taye et al, 2018;Zawojska et al, 2019) or repeated binary choice formats (Czajkowski et al, 2017b). The present study, however, uses an ICLV model with single binary choice contingent valuation data, an approach which to the best of our knowledge, has so far only been used by Kassahun et al (2016).…”

Section: Introductionmentioning

confidence: 99%

Valuation of marine plastic pollution in the European Arctic: Applying an integrated choice and latent variable model to contingent valuation

Abate

Bӧrger

Aanesen

et al. 2020

Ecological Economics

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Despite its remoteness, marine plastic pollution is a significant environmental problem in the Arctic. In Svalbard, for example, plastics are found on the shorelines, in the water column, on the ocean floor and in the ice. Organisms have been observed to be entangled in nets and ingestion of plastics has been documented in a range of organisms. Notably almost all Arctic bird species have been found to have ingested plastic, with Northern fulmars being particularly affected, with 89% of samples recorded as having ingested plastic. Identification and valuation of ecosystem services affected by marine plastic pollution can provide input for decision makers in evaluating and comparing management policies concerning this unique environment. This study employs the contingent valuation method (CVM) for eliciting the willingness to pay (WTP) of Norwegian households for reducing marine plastic pollution around the archipelago of Svalbard. An Integrated Choice and Latent Variable model (ICLV) is employed to explore attitudinal determinants of WTP. We find an average WTP for an initiative to reduce marine plastics of NOK 5,485 (US$642) per household per year. The ICLV results reveal that people who are relatively more concerned about marine plastic pollution and who deem the proposed initiative effective are willing to pay more (up to 85% and 50%, respectively). The use of ICLV models in CVM and recommendations for future research are discussed.

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Section: Introductionmentioning

confidence: 99%

Valuation of marine plastic pollution in the European Arctic: Applying an integrated choice and latent variable model to contingent valuation

Abate

Bӧrger

Aanesen

et al. 2020

Ecological Economics

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“…Despite ongoing research aiming to deal with the problem of hypothetical market bias (e.g. Carson and Groves 2007;Czajkowski et al 2017;Bartczak 2019) and embedding (Hausman 2012, Kling et al 2012, stated preference methods remain relatively controversial. For this reason, whenever appropriate data are available, revealed preference methods are preferred.…”

Section: Literature Review On the Economic Value Of Culturementioning

confidence: 99%

An economic valuation of access to cultural institutions: museums, theatres, and cinemas

2020

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Cultural institutions are the main beneficiaries of public funds for culture. However, cultural policies suffer from 'adhocism' in the administration of institutions, which are often publicly owned and receive little recognition of the benefits that society gains from their use. The aim of this study is to provide the measurement of the use value of access to cultural institutions. Based on the observed individual attendances and their costs, a two-stage budgeting model is employed to estimate the change in consumer surplus related to the loss of access to cinemas, museums, and theatres in Warsaw, Poland. It is the first non-market valuation of cinemas in the existing literature. The inclusion of institutions' entire markets helps to overcome the bias caused by the embedding effect and the availability of substitutes, which affects many single-site valuations. The estimated use values are compared with the subsidies received by the three groups of cultural institutions. Results reveal substantial benefits provided by cinemas, although cinemas are nearly excluded from the circulation of public support. The estimated use value is enough to justify subsidies for both highly subsidised sectors of museums and theatres. The estimation of use values serves as a starting point for the evaluation of the use of public resources.

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“…Moreover, HCM can help correct for bias arising from omitted variables and measurement error, it can in some cases reduce the variance of the parameter estimates, and, finally, it can quantify the impact of latent constructs on observable behaviour, preferences and WTP and demand elasticities (e.g. Boyce et al 2019;Czajkowski et al 2017a, b;Zawojska et al 2019).…”

Section: Hybrid Choice Modelsmentioning

confidence: 99%

Econometric Modelling: Basics

Mariel

Hoyos

Meyerhoff

et al. 2020

Environmental Valuation With Discrete Choice Experiments

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This chapter addresses basic topics related to choice data analysis. It starts by describing the coding of attribute levels and choosing the functional form of the attributes in the utility function. Next, it focuses on econometric models with special attention devoted to the random parameter mixed logit model. In this context, the chapter compares different coefficient distributions to be used, addresses specifics of the cost attribute coefficient and it pays attention to potential correlations between random coefficients. Finally, topics related to the estimation procedure such as assuring its convergence or random draws are discussed.

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Disentangling the effects of policy and payment consequentiality and risk attitudes on stated preferences

Cited by 78 publications

References 65 publications

Valuation of marine plastic pollution in the European Arctic: Applying an integrated choice and latent variable model to contingent valuation

Valuation of marine plastic pollution in the European Arctic: Applying an integrated choice and latent variable model to contingent valuation

An economic valuation of access to cultural institutions: museums, theatres, and cinemas

Econometric Modelling: Basics

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