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Detailed Reference Information |
Brouwer, R. and Bateman, I.J. (2005). Temporal stability and transferability of models of willingness to pay for flood control and wetland conservation. Water Resources Research 41: doi: 10.1029/2004WR003466. issn: 0043-1397. |
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This study investigates the temporal stability and transferability of dichotomous choice willingness to pay responses and their determinants from two large-scale contingent valuation surveys in the area of flood control and wetland conservation. The study considers a time period between surveys which is more than double that considered in previous test-retest analyses. Whereas such previous studies have reported stable values over relatively short time periods, the present study finds a statistically significant decrease in real willingness to pay over this more extended time period. Analyses of model transfer between the two survey periods indicate that models derived solely from economic-theoretic determinants pass transferability tests. However, expanding these models to include more ad hoc, transitory factors yields nontransferable models. This provides a guide for future analyses. |
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Abstract |
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Keywords
Policy Sciences, Benefit-cost analysis, Policy Sciences, Demand estimation, Policy Sciences, Project evaluation, benefits transfer, contingent valuation, flood control, temporal reliability, test-retest, wetlands |
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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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