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CHOICE MODELING (CM)
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Case Study
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 northeastern 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
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 northeastern 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
Readings
- Riera, Pere, Josep Peñuelas, Verónica Farreras, and Marc Estiarte (2007) Valuation of climate-change effects on Mediterranean shrublands. Ecological Applications, 17(1):91-100.
Software
- NLogit-Limdep (Limited Dependent Variable Models)
Suggested homework
Other References
- Hensher, David A., John M. Rose, and William H. Green (2005) Applied Choice Analysis. A Primer. Cambridge University Press, Cambridge, UK.
- Hoyos, David, Pere Riera (2013) Convergent validity between revealed and stated recreation demand data: Some empirical evidence from the Basque Country, Spain. Journal of Forest Economics, 19: 234-248.
- Riera, Pere and Giovanni Signorello (eds.) (2012) Good practice guidelines for the non-market valuation of forest goods and services. University of Catania, Catania, Italy: DiGeSA.
Inquiries and suggestions: Pere Riera prieram@gmail.com
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