Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorCzajkowski, Mikolajen_UK
dc.contributor.authorHanley, Nicholasen_UK
dc.contributor.authorLaRiviere, Jacoben_UK
dc.description.abstractThis paper develop and estimates a model of demand estimation for environmental public goods which allows for consumers to learn about their preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently incorporated into a reduced form econometric model. We then estimate the model using data collected for two environmental goods. We find that the predictions of the theoretical exercise that additional experience makes consumers more certain over their preferences in both mean and variance are supported in each case.en_UK
dc.relationCzajkowski M, Hanley N & LaRiviere J (2013) The Effects of Experience on Preference Uncertainty: Theory and Empirics for Public and Quasi-Public Environmental Goods. Stirling Economics Discussion Paper, 2013-11.en_UK
dc.relation.ispartofseriesStirling Economics Discussion Paper, 2013-11en_UK
dc.subjectdiscrete choice experimenten_UK
dc.subjectpreference learningen_UK
dc.subjectstated preferencesen_UK
dc.subjectBayesian updatingen_UK
dc.subjectgeneralized multinomial logiten_UK
dc.subjectscale varianceen_UK
dc.titleThe Effects of Experience on Preference Uncertainty: Theory and Empirics for Public and Quasi-Public Environmental Goodsen_UK
dc.typeWorking Paperen_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.subject.jelC51: Model Construction and Estimationen_UK
dc.subject.jelD83: Search; Learning; Information and Knowledge; Communication; Belief; Unawarenessen_UK
dc.subject.jelQ51: Valuation of Environmental Effectsen_UK
dc.subject.jelH43: Project Evaluation; Social Discount Rateen_UK
dc.contributor.affiliationUniversity of Warsawen_UK
dc.contributor.affiliationUniversity of Tennesseeen_UK
rioxxterms.typeWorking paperen_UK
local.rioxx.authorCzajkowski, Mikolaj|en_UK
local.rioxx.authorHanley, Nicholas|en_UK
local.rioxx.authorLaRiviere, Jacob|en_UK
local.rioxx.projectInternal Project|University of Stirling|
Appears in Collections:Economics Working Papers

Files in This Item:
File Description SizeFormat 
SEDP-2013-11Czajkowski-Hanley-LaRiviere.pdfFulltext - Accepted Version536.41 kBAdobe PDFView/Open

This item is protected by original copyright

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.