Abstract

http://ssrn.com/abstract=2033268
 


 



A Method for Improving Welfare Estimates from Multiple-Referendum Surveys


GwanSeon Kim


University of Georgia - Department of Agricultural & Applied Economics

Daniel R. Petrolia


Mississippi State University - Department of Agricultural Economics

Matthew G. Interis


Mississippi State University

April 1, 2012

Journal of Agricultural & Resource Economics, Forthcoming

Abstract:     
This paper introduces an alternative non-market value elicitation method, the “quasi-double-referendum (QDR),” applied to barrier island restoration in Mississippi. It is appropriate for surveys which elicit willingness-to-pay responses to multiple projects differing in scale only, and can be used to increase efficiency while mitigating bias. We compare results to the more commonly used single-referendum (SR) method under two admissible ranges of willingness to pay: negative to positive infinity, and zero to income. The confidence intervals of the QDR models were narrower. We argue that the QDR approach should be less subject to bias than the commonly used double-referendum approach.

Number of Pages in PDF File: 29

Keywords: quasi double-bound method, single-bound method, willingness to pay

JEL Classification: C34, Q24

Accepted Paper Series





Download This Paper

Date posted: April 2, 2012  

Suggested Citation

Kim, GwanSeon and Petrolia, Daniel R. and Interis, Matthew G., A Method for Improving Welfare Estimates from Multiple-Referendum Surveys (April 1, 2012). Journal of Agricultural & Resource Economics, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2033268

Contact Information

GwanSeon Kim
University of Georgia - Department of Agricultural & Applied Economics ( email )
Athens, GA 30602-7509
United States
Daniel R. Petrolia (Contact Author)
Mississippi State University - Department of Agricultural Economics ( email )
Box 5187
Mississippi State, MS 39762
United States
Matthew G. Interis
Mississippi State University ( email )
Box 5187
Mississippi State, MS 39762
United States
Feedback to SSRN


Paper statistics
Abstract Views: 446
Downloads: 30

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.281 seconds