Suchergebnisse

Although contingent valuation methods are now frequently used to assess the total value of even distant events, benefit-cost analysis could also be informed by observed behavior that links distant events and consumers. It is typically the news media which connect passive consumers to distant events about which they may or may not take action. The information and adaptation costs incurred by the news consumer are privately beneficial, but additionally are shown to be a lower bound to social welfare losses from a socially defined "bad" event under plausible circumstances. The recent Deepwater Horizon well blow-out in the U.S. Gulf of Mexico is a current example which we seek to inform by study of the oil spill from the Valdez, Alaska spill in 1989. We identify an incremental willingness to pay for news about the Exxon Valdez spill above a standard news broadcast and an increased probability of viewing a broadcast related to the spill. We develop and explain how this private value associated with media consumption can be interpreted as a partial measure of social costs for passive viewers who take no further action beyond news viewing and likely represent the majority of affected citizens (though not necessarily the majority of social costs). Though the per-person values of passive users may be modest in magnitude in the present application, some passive use values appear to be measurable, and that it may well be worth pursuing further the search for the faint but observable links between behavior and distant events through the news media.

AbstractTo improve wildlife conservation incentives in community-based natural resource management programs, a better understanding of rural communities' willingness to engage in wildlife conservation jobs is needed. We implement a discrete choice model explaining reservation wages for nine conservation jobs using contingent behavior data from rural Botswana residents. We present a model in which the conditional indirect utility function incorporates a more general value of time than has previously been used, and this specification outperforms the standard model. Sample estimates indicate that reservation wages are modestly higher for women than for men, and that residents have higher reservation wages for jobs requiring more exertion or involving more danger.

This article implements a discrete choice model of fishery participation in the multispecies trawl fisheries of the Bering Sea/Aleutian Islands Region off Alaska. Nonparametric estimates of the operation‐specific moments of quasirent by fishery and week are used to explain probabilities of choosing different target fisheries. There are pronounced risk aversion, seasonal, and relative performance effects. Notably, the model runs with regularly collected data, so this type of discrete choice modeling can be used routinely in the management and policy evaluation process. Improvements are needed, though, in both the quality and the extent of economic data on fisheries in Alaska and elsewhere in the United States. (JEL Q22, C25, Q28)