Data from University of Tras-os-Montes and Alto Douro Advance Knowledge in Environmental Economics
2012 AUG 17 (VerticalNews) -- By a News Reporter-Staff News Editor at Ecology, Environment & Conservation -- Current study results on Environmental Economics have been published. According to news originating from Vila Real, Portugal, by VerticalNews correspondents, research stated, "This article develops a latent class model for estimating willingness-to-pay (WTP) for public goods using simultaneously contingent valuation (CV) and attitudinal data to identify individuals with similar characteristics, such as WTP and protest attitudes."
Our news journalists obtained a quote from the research from the University of Tras-os-Montes and Alto Douro, "We find evidence that the answer to the CV question influences the responses to the attitudinal questions. In our case, this influence reflects rational behavior (budget constraint issues) and justification biases related to protest reasons, such as lack of trust in institutions or fairness issues with respect to the distribution of the burden of preservation."
According to the news editors, the researchers concluded: "The results from our empirical application confirm the importance of accounting for those biases."
For more information on this research see: Protesting and Justifying: A Latent Class Model for Contingent Valuation with Attitudinal Data. Environmental & Resource Economics, 2012;52(4):531-548. Environmental & Resource Economics can be contacted at: Springer, 233 Spring St, New York, NY 10013, USA.
The news correspondents report that additional information may be obtained from M.A. Cunha-e-Sa, Univ Tras Os Montes & Alto Douro, Dept. of Econ, Vila Real, Portugal.
Keywords for this news article include: Europe, Portugal, Vila Real, Environmental Economics
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