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



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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