Econometric estimation of non-market values and evaluation of benefit transfer techniques
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PublisherThe University of Arizona.
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AbstractThis thesis presents investigations of three topics in non-market valuation; contingent valuation, hedonic property price analysis, and benefit transfer. Chapter Three presents an original analysis of contingent valuation data collected at a popular birding site in California using a heteroskedastic Tobit model. Also the distribution of willingness to pay bids is estimated using kernel density estimation. Chapter Four presents the estimation of a hedonic price function. The purpose of this study is to identify the effects of proximity to the Tanque Verde riparian corridor in Tucson Arizona on the value of homes in the area. The third topic is an analysis of benefit transfer techniques, with particular attention to the transfer of non-market benefit estimates across time. These techniques are presented and evaluated in Chapter Five.
Degree ProgramGraduate College
Agricultural and Natural Resource Economics