Table 2. Results of Logit Models: WTP to Avoid Visibility Loss and WTA
Compensation for Loss of Visibility
|
Model 1: Dependent Variable = WTP |
Model 2: Dependent Variable = WTA | |
|
Variable |
Coefficient |
Coefficient |
|
(Standard Error) |
(Standard Error) | |
|
Constant |
-7.38847*** |
9.84487*** |
|
(2.50592) |
(3.61821) | |
|
INCOME |
0.02213*** |
0.00724 |
|
(0.00682) |
(0.00493) | |
|
FVISIT |
0.34000 |
-1.24826 |
|
(0.40970) |
(0.34831) | |
|
BID |
-0.04604*** |
-0.00988 |
|
(0.1347) |
(0.01135) | |
|
VISLOSS |
0.04933** |
-0.08221** |
|
(0.01872) |
(0.02808) | |
|
N |
172 |
248 |
|
Chi-Squared |
33.04469 (4 d.f.) |
23.87060 (4 d.f.) |
|
% of Correct Predictions |
70.3 |
80.6 |
|
*** significant at .01 level ** significant at .05 level * significant at .10 level |
15
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