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 respondents are placed in a "contingent first-price sealed-bird auction" setting. Results indicated that WTA values obtained in the two different settings were not statistically different. More generally, this chapter shows that the use of auctions can be successfully applied to the provision of public goods in the case of compensation demanded.
| Identifer | oai:union.ndltd.org:UTAHS/oai:digitalcommons.usu.edu:etd-4921 |
| Date | 01 May 2000 |
| Creators | Broadhead, Catherine A. |
| Publisher | DigitalCommons@USU |
| Source Sets | Utah State University |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | All Graduate Theses and Dissertations |
| Rights | Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact Andrew Wesolek (andrew.wesolek@usu.edu). |
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