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Nonmarket Valuation under Preference Uncertainty: Econometric Models and Estimation

Author

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  • Hanemann, W. Michael
  • Kristrom, Bengt
  • Li, Chuan-Zhong

Abstract

This paper makes an attempt to introduce preference uncertainty into discrete choice models used in contingent valuation experiments. We develop an econometric model which may characterize the degree of the uncertainty and provide an empirical illustration of the suggested model.

Suggested Citation

  • Hanemann, W. Michael & Kristrom, Bengt & Li, Chuan-Zhong, 1996. "Nonmarket Valuation under Preference Uncertainty: Econometric Models and Estimation," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5p04d9f1, Department of Agricultural & Resource Economics, UC Berkeley.
    • Handle: RePEc:cdl:agrebk:qt5p04d9f1
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    Cited by:

    1. Voltaire, Louinord & Pirrone, Claudio & Bailly, Denis, 2013. "Dealing with preference uncertainty in contingent willingness to pay for a nature protection program: A new approach," Ecological Economics, Elsevier, vol. 88(C), pages 76-85.
    2. Marcos Dom�nguez-Torreiro & Mario Soli�o, 2015. "Dealing with Uncertainty in Public Preferences for Rural Development Policies: A Contingent Valuation Survey," Regional Studies, Taylor & Francis Journals, vol. 49(4), pages 555-567, April.
    3. Akter, Sonia & Brouwer, Roy & Brander, Luke & van Beukering, Pieter, 2009. "Respondent uncertainty in a contingent market for carbon offsets," Ecological Economics, Elsevier, vol. 68(6), pages 1858-1863, April.
    4. Voltaire, Louinord & Donfouet, Hermann Pythagore Pierre & Pirrone, Claudio & Larzillière, Agathe, 2017. "Respondent Uncertainty and Ordering Effect on Willingness to Pay for Salt Marsh Conservation in the Brest Roadstead (France)," Ecological Economics, Elsevier, vol. 137(C), pages 47-55.
    5. Dadhi Adhikari & Jennifer A. Thacher & Janie M. Chermak & Robert P. Berrens, 2017. "Linking Forest to Faucets in a Distant Municipal Area: Public Support for Forest Restoration and Water Security in Albuquerque, New Mexico," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 1-34, January.
    6. Akter, Sonia & Bennett, Jeffrey W., 2009. "A cognitive psychological approach of analyzing preference uncertainty in contingent valuation," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47938, Australian Agricultural and Resource Economics Society.
    7. Voltaire, Louinord, 2017. "Pricing Future Nature Reserves Through Contingent Valuation Data," Ecological Economics, Elsevier, vol. 135(C), pages 66-75.

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