USING CONTINGENT VALUATION WITH RESPONDENT UNCERTAINTY TO ESTIMATE THE COSTS OF CLIMATE CHANGE PROGRAMS: AN APPLICATION TO CANADIAN LANDOWNERS
Sabina L. Shaikh and
Gerrit van Kooten
No 21906, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Using a survey of western Canadian agricultural landowners, we examine the cost and viability of two distinct afforestation options for carbon-uptake purposes. Responses to two separate, but most-likely related willingness to accept compensation questions are elicited using the contingent valuation method. Respondents then select the level of certainty with which they believe their responses were given. This paper provides a framework for estimation of the bivariate model with certainty and a modification of the model to incorporate uncertainty based on Li and Mattson's approach to preference uncertainty. While highly preliminary results are given for the bivariate model with certainty, applications of both models will be presented at the 2003 AAEA Meetings.
Keywords: Environmental Economics and Policy; Resource /Energy Economics and Policy (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:21906
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