Contingent Valuation and Collective Choice
✍ Scribed by Felix Schläpfer; Nick Hanley
- Book ID
- 110942645
- Publisher
- John Wiley and Sons
- Year
- 2006
- Tongue
- English
- Weight
- 178 KB
- Volume
- 59
- Category
- Article
- ISSN
- 0023-5962
No coin nor oath required. For personal study only.
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The purpose of this paper is to measure the potential revenue from nature-based tourism resources in the environmentally sensitive area of Mt Minju, South Korea. A dichotomous choice contingent valuation method was employed to estimate the mean willingness-to-pay, contingent on a hypothetical market
## Abstract A new approach is presented that simultaneously deals with Misreporting and Don't Know (DK) responses within a dichotomous‐choice contingent valuation framework. Utilising a modification of the standard Bayesian Probit framework, a Gibbs with Metropolis–Hastings algorithm is used to est