Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/6360
Appears in Collections:Economics Working Papers
Peer Review Status: Unrefereed
Title: More random or more deterministic choices? The effects of information on preferences for biodiversity conservation
Authors: Czajkowski, Mikolaj
Hanley, Nicholas
Contact Email: n.d.hanley@stir.ac.uk
Citation: Czajkowski M & Hanley N (2012) More random or more deterministic choices? The effects of information on preferences for biodiversity conservation. Economics Discussion Paper, 2012-06. Stirling Management School.
Keywords: choice modelling
information effects
scale
scale heterogeneity
G‐MNL
heather moorland management
raptor conservation
combined SP‐RP
JEL Code(s): C59
C81
Q51
Q57
Q15
D12
Issue Date: 2012
Publisher: Stirling Management School
Series/Report no.: Economics Discussion Paper, 2012-06
Abstract: For many years, stated preference researchers have been interested in the effects of information onwillingness to pay for environmental goods. Within the random utility model, information about anenvironmental good might impact on preferences and on scale (error variance), both between andwithin samples of choices. In this paper, we extend the G‐MNL model to investigate the effects ofdifferent information sets on choices over the management of biodiversity in the UK, looking specificallyat moorlands managed for red grouse shooting. Specifically, we make the individual scale parameter afunction of observable (dataset‐specific) characteristics. Our results show that changing information setsresults in significant differences in the mean scale between datasets, and in the variance of scale.Respondents are more deterministic in their choices and show lower within‐sample scale heterogeneityin the alternative information treatment. Changes in information provision also effect willingness to payestimates, reducing the value people place on the conservation of two iconic birds of prey. The methodsused will also be of interest to researchers who need to combine choice experiment data sets.
Type: Working or Discussion Paper
URI: http://hdl.handle.net/1893/6360
Affiliation: University of Warsaw
Economics

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