Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74149
Authors: 
de Blaeij, Arianne T.
Nunes, Paulo A.L.D.
van den Bergh, Jeroen C.J.M.
Year of Publication: 
2005
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 64.2005
Abstract: 
We examine the impact of providing a ‘no-choice’ option in an attribute based valuation experiment. The aim of the experiment was to assess monetary values of cockle fishery management practices in the Dutch Wadden Sea for different stakeholder groups, namely Dutch citizens, local residents, and tourists. The current policy debate about the management of the Wadden Sea stresses the fact that individual preferences with respect to cockle-fishery differ. The aim of this paper is to analyze the individual preferences in an objective way. Special attention is given to the influence of including a ‘no-choice option’, which is analyzed using a nested logit model. We test whether the full set of policy options can be considered as close substitutes. The estimation results show that the influence of including the no choice option differs among the stakeholders considered.
Subjects: 
Stakeholder valuation
Stated choice method
Multinomial logit model
Binary logit model
JEL: 
C25
C29
Q22
Q25
Q51
Document Type: 
Working Paper

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