A Mire of Discount Rates: Delaying Conservation Payment Schedules in a Choice Experiment
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F86652079%3A_____%2F20%3A00534307" target="_blank" >RIV/86652079:_____/20:00534307 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/article/10.1007%2Fs10640-020-00511-3" target="_blank" >https://link.springer.com/article/10.1007%2Fs10640-020-00511-3</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10640-020-00511-3" target="_blank" >10.1007/s10640-020-00511-3</a>
Alternative languages
Result language
angličtina
Original language name
A Mire of Discount Rates: Delaying Conservation Payment Schedules in a Choice Experiment
Original language description
Studies on the public's implicit discount rate in the willingness to pay for environmental amenities have mostly employed contingent valuation surveys. We investigate respondents' time preferences using choice experiments with four payment schedules in a split-sample design in the context of mire conservation. We first examine preference and taste heterogeneity among respondents, finding them to a large extent independent of payment schedules. Next we use an endogenous approach to jointly estimate the implicit discount rates and preferences using choice experiments data. We explore exponential and hyperbolic discounting model specifications. We find insensitivity to the length of the payment period and support for hyperbolic discounting. Furthermore, we provide policy relevant valuation results concerning mire conservation.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Environmental & Resource Economics
ISSN
0924-6460
e-ISSN
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Volume of the periodical
77
Issue of the periodical within the volume
3
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
39
Pages from-to
615-639
UT code for WoS article
000571033800001
EID of the result in the Scopus database
2-s2.0-85091164428