Grantee Research Project Results
Analysis of Monongahela National Forest Data to Test the Statistical Efficiency of Welfare Estimates From Double-Bound Dichotomous Choice Questions Versus Single-Bound Dichotomous Choice QuestionsEPA Grant Number: U914926
Title: Analysis of Monongahela National Forest Data to Test the Statistical Efficiency of Welfare Estimates From Double-Bound Dichotomous Choice Questions Versus Single-Bound Dichotomous Choice Questions
Investigators: DeYoung, Cassandra
Institution: West Virginia University
EPA Project Officer: Jones, Brandon
Project Period: January 1, 1996 through January 1, 1998
Project Amount: $68,000
RFA: STAR Graduate Fellowships (1996)
Research Category: Fellowship - Resource Economics , Academic Fellowships , Economics and Decision Sciences
The objective of this research project is to investigate the economic concepts of resource evaluation, the econometric skills necessary to interpret data, and the possible links between resource economics and spatial analysis.Approach:
I am conducting a contingent-valuation (nonmarket) research project, which analyzes data collected from a referendum survey of trout fishermen in the Monongahela National Forest (MNF), West Virginia. Contingent-valuation methods will be used to analyze the benefits derived from potential policies to increase water quality (by decreasing the acidic level) of streams in the MNF and, therefore, increase the quality of fishing. I will analyze the MNF data to test the statistical efficiency of welfare estimates from double-bound dichotomous-choice questions versus single-bound dichotomous-choice questions. I also will conduct a comparison of the results of two utility-theoretic models of referendum choice (Cameron, 1988; Hanemann, 1984). I would use the MNF survey data to test the hypothesis that Cameron's and Hanemann's methods are duals of one another.
Cameron TA. A new paradigm for valuing non-market goods using referendum data: maximum likelihood estimation by censored logistic regression. Journal of Environmental Economics and Management 1988;15:355-379.
Hanemann WM. Welfare evaluations in contingent valuation experiments with discrete responses. American Journal of Agricultural Economics 1984;66:332-341.Supplemental Keywords:
fellowship, Monongahela National Forest, MNF, West Virginia, WV, water quality, trout, fishing, resource evaluation, econometrics., RFA, Economic, Social, & Behavioral Science Research Program, Scientific Discipline, Economics, decision-making, Ecology and Ecosystems, Social Science, Economics & Decision Making, contingent valuation, multi-objective decision making, policy analysis, surveys, optimal experimentation, Monongahela National Forest, dichotomous-choice, decision analysis, market valuation models, non-market valuation, standards of value, nonmarket choice, public policy, willingness to pay, multinominal nonmarket choice experiments, conjoint analysis