Author/Authors
Bond، نويسنده , , Craig A. and Cullen، نويسنده , , Kelly Giraud and Larson، نويسنده , , Douglas M.، نويسنده ,
DocumentNumber
3540808
Title Of Article
Joint estimation of discount rates and willingness to pay for public goods
شماره ركورد
3011
Latin Abstract
We analyze willingness to pay (WTP) for environmental programs whose time periods of benefit and repayment differ, using a net present value framework that identifies parameters of both WTP and personal discount rates. Respondents to a contingent valuation survey focusing on protection of critical habitat buffer zones for the endangered Steller Sea Lion in Alaska were asked their willingness to pay for 1-, 5-, and 15-year repayment periods. We jointly estimate the personal discount rates and WTP via maximum likelihood, and compare with a model assuming a fixed, market discount rate.
From Page
2751
NaturalLanguageKeyword
Contingent valuation , Species , Sea lions , discounting , Endangered , Wildlife , Recovery
JournalTitle
Studia Iranica
To Page
2759
To Page
2759
Link To Document