Using Random Parameters to Account for Heterogeneous Preferences in Contingent Valuation of Public Open Space

Using Random Parameters to Account for Heterogeneous Preferences in Contingent Valuation of Public Open Space

To test for preference heterogeneity in dichotomous choice contingent valuation responses, a random parameter logit (RPL) specification is used in this analysis. The RPL model confirms heterogeneity in respondents' preferences for protection of public open space, as reflected in statistically s...

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Bibliographic Details
Main Authors: Laura Nahuelhual, Maria L. Loureiro, John B. Loomis
Format: Article
Language:English
Published: Western Agricultural Economics Association 2004-12-01
Series:Journal of Agricultural and Resource Economics
Subjects:
contingent valuation
open space
random parameter logit
willingness to pay
Online Access:https://ageconsearch.umn.edu/record/30909

Internet

https://ageconsearch.umn.edu/record/30909

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