DYNAMIC LEARNING AND CONTEXT-DEPENDENCE IN SEQUENTIAL, ATTRIBUTE-BASED CONTINGENT VALUATION

Thomas P. Holmes and Kevin Boyle

No 20014, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A hybrid stated-preference model is developed that combines the referendum contingent valuation response format with an experimentally designed set of attributes. A sequence of valuation questions is asked to a random sample in a mail-out mail-back format. Econometric analysis shows that willingness to pay for policy attributes is formed dynamically.

Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
Pages: 31
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20014

DOI: 10.22004/ag.econ.20014

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