Does Uncertainty Matter: An Application to the Willingness to Pay to Reduce Swimming Bans in Chicago

Using a survey of Chicago beachgoers, this research examines the effect of uncertain response options on the willingness to pay to reduce swimming bans. Various recoding options are tested and implemented, as well as multinomial model for choice. Estimates are compared to those from a dataset with certainty, as well as to those from revealed preference methods. The reasons and sources for uncertainty are explored and compared across samples.


Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19134
Total Pages:
23
Series Statement:
Selected Paper 136849




 Record created 2017-04-01, last modified 2017-08-22

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