TINKERING WITH VALUATION ESTIMATES: IS THERE A FUTURE FOR WILLINGNESS TO ACCEPT MEASURES?

Table 1. Logit Model WTP/WTA Spécifications: Socioeconomic
Characteristics of Respondents (Sample Means).

Variable

Definition

WTP Model

Mean
(Std. Dev.)

WTA Model

Mean
(Std. Dev.)

Combined
WTA/WTP
Data Sets

Mean
(Std. Dev.)

Dependent

Yes to CVM

0.33139
(0.47209)

0.20161
(0.40202)

0.25476
(0.43625)

BID
.

$ payment/compensation
per month

29.82558

(14.28506)

17.28454

(19.64551)

22.42040

(18.67936)

VISLOSS

decrease in visual range
(kilometers)

131.28605

(10.18201)

128.92540

(6.82247)

129.89214

(8.43209)

INCOME

$000

54.07070

(28.64586)

40.49194

(33.44982)

46.05276

(32.23616)

FVISIT

1 if planning future visit, 0
otherwise

0.66279
(0.47414)

0.71774
(0.45101)

0.69524
(0.46086)