Willingness to Pay for Agricultural Land Preservation and Policy Process Attributes: Does the Method Matter?

Posted: 1 Oct 2007

See all articles by Robert J. Johnston

Robert J. Johnston

University of Connecticut - College of Agricultural, Health and Natural Resources

Joshua M. Duke

University of Delaware - College of Agriculture & Natural Resources

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Abstract

This article examines relationships between willingness to pay for land preservation and policy process attributes. The approach departs from traditional welfare assessments in that it does not constrain attributes of the policy process to be utility-neutral. Results indicate policy process attributes may influence utility in some circumstances, even after controlling for the influence of land use outcomes often correlated with specific policy techniques. Results further imply that in some cases, even comprehensive specification of land use outcomes by stated preference instruments may be insufficient to prevent systematic shifts in willingness to pay related to unspecified, yet assumed, policy process attributes.

Suggested Citation

Johnston, Robert J. and Duke, Joshua M., Willingness to Pay for Agricultural Land Preservation and Policy Process Attributes: Does the Method Matter?. American Journal of Agricultural Economics, Vol. 89, No. 4, pp. 1098-1115, November 2007. Available at SSRN: https://ssrn.com/abstract=1018128 or http://dx.doi.org/10.1111/j.1467-8276.2007.01029.x

Robert J. Johnston (Contact Author)

University of Connecticut - College of Agricultural, Health and Natural Resources ( email )

1080 Shennecossett Road
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Joshua M. Duke

University of Delaware - College of Agriculture & Natural Resources ( email )

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Newark, DE 19716
United States
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