A Mire of Discount Rates: Delaying Conservation Payment Schedules in a Choice Experiment

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

A Mire of Discount Rates: Delaying Conservation Payment Schedules in a Choice Experiment

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

A Mire of Discount Rates: Delaying Conservation Payment Schedules in a Choice Experiment

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Environmental & Resource Economics

ISSN

0924-6460

e-ISSN

—

Svazek periodika

77

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

39

Strana od-do

615-639

Kód UT WoS článku

000571033800001

EID výsledku v databázi Scopus

2-s2.0-85091164428