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Who Cares about Environmental Stigmas and Does It Matter? A Latent Segmentation Analysis of Stated Preferences for Real Estate

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  • Arianto A. Patunru
  • John B. Braden
  • Sudip Chattopadhyay

Abstract

This article uses latent segmentation analysis to estimate the benefits of contaminant cleanup in Waukegan Harbor, Illinois. Survey responses to attitudinal and perception questions provide significant information about the existence of distinct preference groups. By comparison, the predictive usefulness of demographic covariates is unclear. The expected aggregate willingness-to-pay of Waukegan homeowners for full cleanup is approximately equivalent to a 20% increase in the market value of homes. The aggregate estimate is little affected by the identification of preference clusters. Copyright 2007, Oxford University Press.

Suggested Citation

  • Arianto A. Patunru & John B. Braden & Sudip Chattopadhyay, 2007. "Who Cares about Environmental Stigmas and Does It Matter? A Latent Segmentation Analysis of Stated Preferences for Real Estate," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(3), pages 712-726.
    • Handle: RePEc:oup:ajagec:v:89:y:2007:i:3:p:712-726
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    File URL: http://hdl.handle.net/10.1111/j.1467-8276.2007.00988.x
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    Citations

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    Cited by:

    1. William Breffle & Edward Morey & Jennifer Thacher, 2011. "A Joint Latent-Class Model: Combining Likert-Scale Preference Statements With Choice Data to Harvest Preference Heterogeneity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 50(1), pages 83-110, September.
    2. Meldrum, James R., 2015. "Comparing different attitude statements in latent class models of stated preferences for managing an invasive forest pathogen," Ecological Economics, Elsevier, vol. 120(C), pages 13-22.
    3. Angel Bujosa & Antoni Riera & Robert Hicks, 2010. "Combining Discrete and Continuous Representations of Preference Heterogeneity: A Latent Class Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(4), pages 477-493, December.
    4. Melstrom, Richard T., 2022. "Residential demand for sediment remediation to restore water quality: Evidence from Milwaukee," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
    5. Wiktor L. Adamowicz & Klaus Glenk & Jürgen Meyerhoff, 2014. "Choice modelling research in environmental and resource economics," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 27, pages 661-674, Edward Elgar Publishing.
    6. Laurent Ott & Mehdi Farsi & Sylvain Weber, 2021. "Beyond political divides: analyzing public opinion on carbon taxation in Switzerland," Chapters, in: Axel Franzen & Sebastian Mader (ed.), Research Handbook on Environmental Sociology, chapter 17, pages 313-339, Edward Elgar Publishing.
    7. Patrick Gourley, 2019. "Social Stigma and Asset Value," Southern Economic Journal, John Wiley & Sons, vol. 85(3), pages 919-938, January.
    8. Xiaolin Ren & Arianto A. Patunru & John B. Braden, 2008. "Language‐Related Differences In Environmental Benefits Estimation: Evidence From A Mail Survey," Contemporary Economic Policy, Western Economic Association International, vol. 26(1), pages 13-31, January.
    9. Vassalos, Michael & Lim, Kar Ho, 2016. "Farmers’ Willingness to Pay for Various Features of Electronic Food Marketing Platforms," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(2), pages 1-19, May.
    10. Chung, Chanjin & Briggeman, Brian C. & Han, Sungill, 2012. "Willingness to Pay for Beef Quality Attributes: A Latent Segmentation Analysis of Korean Grocery Shoppers," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(4), pages 1-13, November.
    11. Takeshima, Hiroyuki & Nagarajan, Latha & Salau, Sheu & Oyekale, Abayomi, 2010. "Nigerian farmers’ preferences on the timing of the purchase of rice, cowpea, and maize seeds:," NSSP working papers 20, International Food Policy Research Institute (IFPRI).
    12. Pérez, María & García-Valiñas, María A. & Martínez-Espiñeira, Roberto, 2013. "Responses to changes in domestic water tariff structures: An analysis on household-level data from Granada, Spain," Efficiency Series Papers 2013/04, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    13. José Grisolía & Kenneth Willis, 2012. "A latent class model of theatre demand," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 36(2), pages 113-139, May.
    14. Cash, Sean B. & Lacanilao, Ryan D. & Adamowicz, Wiktor L. & Raine, Kim, 2008. "An Experimental Investigation of the Impact of Fat Taxes: Prices Effects, Food Stigma, and Information Effects on Economics Instruments to Improve Dietary Health," Consumer and Market Demand Network Papers 45499, University of Alberta, Department of Resource Economics and Environmental Sociology.
    15. Khalid, Haniza, 2017. "Segmenting Agricultural Land Market According to Development Potential: A Latent Class Approach," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 51(1), pages 145-158.

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