Willingness to Pay for Quality Improvements: Should Revealed and Stated Preference Data Be Combined?

Huang, Ju‐Chin; Haab, Timothy C.; Whitehead, John C.

doi:10.1006/jeem.1997.1013

Cited by 121 publications

(59 citation statements)

References 17 publications

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“…Empirical estimates of the effect of a change in the own-price can be used to identify the change in behavior from the quality improvement. Huang et al (1997) implement this approach by jointly estimating the willingness to pay function, with own-price as an independent variable, and the change in the number of trips. Joint estimation of contingent valuation and contingent behavior models imposes theoretically consistent behavioral restrictions on willingness to pay models and may improve econometric efficiency.…”

Section: Introductionmentioning

confidence: 99%

Combining willingness to pay and behavior data with limited information

Whitehead

2005

Resource and Energy Economics

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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 an increase in the ratio of use value to total value.

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Section: Introductionmentioning

confidence: 99%

Combining willingness to pay and behavior data with limited information

Whitehead

2005

Resource and Energy Economics

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“…In total, we collected 51 observations from 9 studies, several of them focusing on particularly relevant sites such as the Chesapeake Bay (Bockstael et al 1989;Feitelson 1992), the Albemarle Lagoon and Pamlico Estuary system (Whitehead et al 2000;Huang et al 1997), and the Peconic Estuary (Johnston et al 2002). et al 2002), to 31.4 million USD/year, which is the estimated value of birdwatching and wildlife viewing in the Peconic estuary (Johnston et al 2002).…”

Section: Non-consumptive Recreationmentioning

confidence: 99%

Recreational, Cultural, and Aesthetic Services from Estuarine and Coastal Ecosystems

Ghermandi

Nunes

Portela

et al. 2011

Treatise on Estuarine and Coastal Science

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SummaryThe role of economic analysis in guiding the sustainable development of estuarine and coastal ecosystems is investigated based on a comprehensive review of the literature on the valuation of the recreation, cultural and aesthetic services. The implications of the findings for the sustainable management of coral reefs, Marine Protected Areas, and Small Island Developing States are discussed. Finally, the potential of meta-analytical benefit transfer and scaling up of values at various aggregation levels is demonstrated in the context of coastal tourism and recreation in Europe. The results of the study support the conclusion that the non-material values provided by coastal and estuarine ecosystems in terms of recreational, cultural and aesthetic services represent a substantial component of human well-being. ABSTRACT: The role of economic analysis in guiding the sustainable development of estuarine and coastal ecosystems is investigated based on a comprehensive review

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“…However, Huang, Haab and Whitehead (1997) found that RP and SP data should not be combined unless both observed and hypothetical decisions imply the same change in future decisions induced by a given change in quality of an environmental good, that is, should be consistent.…”

Section: Introductionmentioning

confidence: 99%