CLASS EXAMPLE #1.a (Contingent choice)
Exercise. Estimate the mean marginal values for each attribute according to the following data, from a contingent choice exercise, from a survey on the willingness to pay for mitigating some of the effects of climate change on shrubs in the northeast of Spain -[questionnaire] example
Solution. 0.12 euros for a 1% increase in shrub density; -1.50 euro per 1% increase in land erosion; -7.89 euro per 1% increse in annual surface effected by shrubland fires. Instructions in [limdep] format (it also can be opened as a text file). Article on the exercise published in [Ecological Applications]
Additional problem. Estimate the marginal rate of substitution among the non-monetary attributes
CLASS EXAMPLE #1.b (Contingent ranking)
Exercise. Estimate the mean marginal values for each attribute according to the following data, from a contingent ranking exercise, from a survey on the willingness to pay for mitigating some of the effects of climate change on shrubs in the northeast of Spain -[questionnaire] example
Solution. 0.19 euros for a 1% increase in shrub density; -1.23 euro per 1% increase in land erosion; -4.71 euro per 1% increse in annual surface effected by shrubland fires. Instructions in [limdep] format (it also can be opened as a text file). Article on the exercise published in [Ecological Applications]
Additional problem. Estimate the marginal rate of substitution among the non-monetary attributes
SOFTWARE
- NLogit-Limdep (free student version and manuals [broken link])
READINGS