Effects of Public Funding on Local Tradeoffs and Willingness to Pay (WTP) in a Choice Experiment: Blackstone River Watershed Management

Achyut Kafle, Stephen Swallow and Elizabeth Smith

No 148294, Working Paper series from University of Connecticut, Charles J. Zwick Center for Food and Resource Policy

Abstract: In a split sample design, we examine the impact of federal funding availability on Willingness to Pay (WTP) for watershed management program attributes and tradeoffs in a choice experiment. We also evaluate how presenting respondents with different sets of choice attributes, in alternative survey designs, affects the estimation of preference functions. We also compared preferences for watershed management attributes across sub-watersheds. These issues were evaluated using the Blackstone River Watershed Public Preference Survey, in Rhode Island, USA. Our results indicate that neither federal support nor geographically distinct sub-watersheds had significant impact on tradeoffs elicited among management attributes. However, survey design may induce respondents to show distinct preferences for watershed management. We examined these issues using a multinomial logit model in comparison with a Latent Class Model (LCM) to account for heterogeneity in preferences.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 44
Date: 2011-12
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucozwp:148294

DOI: 10.22004/ag.econ.148294

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