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



More intriguing information

1. The name is absent
2. The name is absent
3. The Complexity Era in Economics
4. How Offshoring Can Affect the Industries’ Skill Composition
5. Higher education funding reforms in England: the distributional effects and the shifting balance of costs
6. Geography, Health, and Demo-Economic Development
7. The quick and the dead: when reaction beats intention
8. Three Strikes and You.re Out: Reply to Cooper and Willis
9. The name is absent
10. Can genetic algorithms explain experimental anomalies? An application to common property resources