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Riparian Zone Protection: The Use Of The Willingness-To-Accept Format In A Contingent Valuation Study, Catherine A. Broadhead
Riparian Zone Protection: The Use Of The Willingness-To-Accept Format In A Contingent Valuation Study, Catherine A. Broadhead
All Graduate Theses and Dissertations, Spring 1920 to Summer 2023
The contingent valuation method (CVM) is used to evaluate the minimum compensation landowners require to forego production on farm riverbanks areas. The elicitation format used in the survey is a yes-no participation question followed by an open-ended question.
Chapter 2 presents the results of the survey. The Heckman approach is used in the econometric analysis to take care of the self-selection problem arising with this formatting of the questions. Chapter 3 is devoted to further examining the potential for undertaking valuation exercises using the willingness-to-accept format (WTA)
WTA estimates obtained with open-ended format are compared to WTA estimates obtained when …