Does Uncertainty Matter: An Application to the Willingness to Pay to Reduce Swimming Bans in Chicago

Sabina L. Shaikh

No 19134, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Using a survey of Chicago beachgoers, this research examines the effect of uncertain response options on the willingness to pay to reduce swimming bans. Various recoding options are tested and implemented, as well as multinomial model for choice. Estimates are compared to those from a dataset with certainty, as well as to those from revealed preference methods. The reasons and sources for uncertainty are explored and compared across samples.

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Pages: 23
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19134

DOI: 10.22004/ag.econ.19134

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