Joint estimation of discount rates and willingness to pay for public goods

被引：33

作者：

Bond, Craig A. ^{[1
]}

Cullen, Kelly Giraud ^{[2
]}

Larson, Douglas M. ^{[3
]}

机构：

[1] Colorado State Univ, Dept Agr & Resource Econ, Ft Collins, CO 80526 USA

[2] Univ New Hampshire, Dept Nat Resources & Environm, Durham, NH 03824 USA

[3] Univ Calif Davis, Dept Agr & Resource Econ, Davis, CA 95616 USA

来源：

ECOLOGICAL ECONOMICS | 2009年 / 68卷 / 11期

关键词：

Endangered; Discounting; Recovery; Wildlife; Species; Contingent valuation; Sea lions; CONTINGENT VALUATION; TIME PREFERENCE; PURCHASE;

D O I：

10.1016/j.ecolecon.2009.06.006

中图分类号：

Q14 [生态学（生物生态学）];

学科分类号：

071012 ; 0713 ;

摘要：

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. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：2751 / 2759

页数：9

共 21 条

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