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Detailed Reference Information |
Loomis, J.B. and González-Cabán, A. (1997). How certain are visitors of their economic values of river recreation: An evaluation using repeated questioning and revealed preference. Water Resources Research 33: doi: 10.1029/97WR00567. issn: 0043-1397. |
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We test the robustness of visitor dichotomous choice willingness to pay (WTP) for maintaining instream flow by challenging respondent's affirmative answers. This is followed by rephrasing the per trip WTP question into an annual dichotomous choice WTP question and reasking the question. About 5% of visitors revised their yes answer to no. Estimated WTP changed from $12.81 per trip to $11.96 per trip. Using the method of convolutions, this is an insignificant difference. To further evaluate the robustness of contingent valuation method estimated WTP, these values are compared to WTP derived from the revealed preference travel cost model of the same visitors. No statistical difference was found.¿ 1997 American Geophysical Union |
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Abstract |
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Keywords
Policy Sciences, Demand estimation, Policy Sciences, Benefit-cost analysis |
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Publisher
American Geophysical Union 2000 Florida Avenue N.W. Washington, D.C. 20009-1277 USA 1-202-462-6900 1-202-328-0566 service@agu.org |
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