Temporal stability and transferability of models of willingness to pay for flood control and wetland conservation

R. Brouwer, Ian Bateman

    Research output: Contribution to journalArticle

    47 Citations (Scopus)

    Abstract

    This study investigates the temporal stability and transferability of dichotomous choice willingness to pay responses and their determinants from two large-scale contingent valuation surveys in the area of flood control and wetland conservation. The study considers a time period between surveys which is more than double that considered in previous test-retest analyses. Whereas such previous studies have reported stable values over relatively short time periods, the present study finds a statistically significant decrease in real willingness to pay over this more extended time period. Analyses of model transfer between the two survey periods indicate that models derived solely from economic-theoretic determinants pass transferability tests. However, expanding these models to include more ad hoc, transitory factors yields nontransferable models. This provides a guide for future analyses.
    Original languageEnglish
    Pages (from-to)1-6
    JournalWater Resources Research
    Volume41
    Issue number3
    DOIs
    Publication statusPublished - 2005

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