Land EconomicsPub Date : 2022-04-21DOI: 10.3368/le.120820-0183r1
Priya Thomas, Todd Guilfoos
{"title":"Case-Based Reasoning and Dynamic Choice Modeling","authors":"Priya Thomas, Todd Guilfoos","doi":"10.3368/le.120820-0183r1","DOIUrl":"https://doi.org/10.3368/le.120820-0183r1","url":null,"abstract":"Estimating discrete choices under uncertainty typically rely on assumptions of expected utility theory. We build on the dynamic choice modeling literature by using a nonlinear case-based reasoning approach based on cognitive processes and forms expectations by comparing the similarity between past problems and the current problem faced by a decision maker. This study provides a proof of concept of a behavioral model of location choice applied to recreational fishers’ location choice behavior in Connecticut. We find the case-based decision model does well in explaining the observed data and provides value in explaining the dynamic value of attributes.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43607416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2022-04-21DOI: 10.3368/le.071220-0105r
D. Maddison, Reece Ogier, Allan Beltrán
{"title":"The Disamenity Impact of Solar Farms: A Hedonic Analysis","authors":"D. Maddison, Reece Ogier, Allan Beltrán","doi":"10.3368/le.071220-0105r","DOIUrl":"https://doi.org/10.3368/le.071220-0105r","url":null,"abstract":"Photovoltaic solar farms are utility-level ground-mounted arrays of interconnected panels that convert sunlight into electricity. Little is known about the extent of any disamenity impact from these farms, despite numerous communities objecting to their construction. This study uses a property fixed-effects model to examine the disamenity impact of photovoltaic solar farms on households in England and Wales, as revealed by changes in property prices. Properties located ≤ 750 m south of an operational solar farm greater than 5 megawatts in capacity suffer a 5.4% reduction in relative prices. The effect of solar farms ≤ 5 megawatts in capacity or located more than 750 m south of properties is statistically insignificant.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43320458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2022-04-21DOI: 10.3368/le.012621-0009r1
Simone Cerroni, Dan Derbyshire, W. Hutchinson, R. Nayga
{"title":"A Choice Matching Approach for Discrete Choice Analysis: An Experimental Investigation in the Laboratory","authors":"Simone Cerroni, Dan Derbyshire, W. Hutchinson, R. Nayga","doi":"10.3368/le.012621-0009r1","DOIUrl":"https://doi.org/10.3368/le.012621-0009r1","url":null,"abstract":"This article is the first empirical application of the choice matching (CMa) method in discrete choice experiments (DCEs). An artifactual field experiment was conducted to test whether CMa applied to a DCE survey improves the validity and reliability of estimated preferences regarding standard hypothetical DCEs. Two experimental treatments were developed. In the first, subjects were exposed to a CMa-based DCE; in the second, subjects were exposed to a standard hypothetical DCE survey. Results suggest that although a CMa-based DCE does not improve validity, it can increase the reliability of estimated preferences.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45010022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2022-04-21DOI: 10.2139/ssrn.4001175
Dede Long, Hongxing Liu, R. Nayga
{"title":"Polarization in Environmental Donations: Application to Deforestation-Prevention Donation","authors":"Dede Long, Hongxing Liu, R. Nayga","doi":"10.2139/ssrn.4001175","DOIUrl":"https://doi.org/10.2139/ssrn.4001175","url":null,"abstract":"One common fundraising strategy used by nonprofit organizations is providing information to persuade potential donors. We theoretically and empirically analyze how information affects people’s willingness to donate. Our theory suggests when people have different initial beliefs, new information leads to polarization through their understanding and rationalization of social norms. We provide empirical support using an online experiment, demonstrating that environmental and public health information leads to polarization in deforestation prevention donations. Being exposed to information opposite of individuals’ existing beliefs reinforces their current opinions. Our results emphasize that implementing information treatment calls for careful deliberation.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45212485","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2022-04-21DOI: 10.3368/le.090420-0140r1
Charles Towe,Zhenshan Chen
{"title":"Recreational Homes’ Impact on Agricultural Land Use","authors":"Charles Towe,Zhenshan Chen","doi":"10.3368/le.090420-0140r1","DOIUrl":"https://doi.org/10.3368/le.090420-0140r1","url":null,"abstract":"When nonresidents purchase agricultural properties, the land use decision can make farmland operate below potential, still allowing for tax credits. We empirically investigate how nonresident ownership affects the agricultural land use decisions in upstate New York. A difference-in-difference matching approach shows a causal link between purchases by nonresidents and a loss of 11% of acreage to a lower-productivity use. A generalization shows this conversion counts for one-seventh of the decreased agricultural land in intensive uses in similar counties. Perhaps a simple opportunistic use of the tax-credit criteria, this phenomenon contradicts the policy’s objective and might impose other consequences on rural communities.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138509456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2022-02-01DOI: 10.3368/le.98.2.050120-0062r1
Dennis Guignet, Matthew T Heberling, Michael Papenfus, Olivia Griot
{"title":"Property values, water quality, and benefit transfer: A nationwide meta-analysis.","authors":"Dennis Guignet, Matthew T Heberling, Michael Papenfus, Olivia Griot","doi":"10.3368/le.98.2.050120-0062r1","DOIUrl":"https://doi.org/10.3368/le.98.2.050120-0062r1","url":null,"abstract":"<p><p>We construct a comprehensive, publicly-available meta-dataset based on 36 hedonic studies that examine the effects of water quality on housing values in the United States. The meta-dataset includes 656 unique estimates and entails a cluster structure that accounts for price effects at different distances. Focusing on water clarity, we estimate reduced-form meta-regressions that account for within-market dependence, statistical precision, housing market and waterbody heterogeneity, publication bias, and methodological practices. While we find evidence of systematic heterogeneity, the out-of-sample transfer errors are large. We discuss the implications for benefit transfer and future work to improve transfer performance.</p>","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9179230/pdf/nihms-1810377.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10596047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2022-01-28DOI: 10.3368/le.98.4.102820-0164r1
Zhenshan Chen, Pengfei Liu, E. Schultz, J. Kasper, S. Swallow
{"title":"The Influence of Projected Outcomes on Preferences over Alternative Regulations: Evidence from a Recreational Fishery","authors":"Zhenshan Chen, Pengfei Liu, E. Schultz, J. Kasper, S. Swallow","doi":"10.3368/le.98.4.102820-0164r1","DOIUrl":"https://doi.org/10.3368/le.98.4.102820-0164r1","url":null,"abstract":"The expected outcomes arising from alternative policies on respondent choice have not been sufficiently accounted for in stated preference studies. We accordingly develop a framework to quantitatively assess the influence of outcome provision and illustrate with a choice experiment in a recreational fishery. The application suggests that participants are more likely to choose the status quo and low-cost options when outcomes are not provided, and these conservative behaviors might reflect the higher dispersion in anglers’ utility in tautog (Tautoga onitis) fishing. Further investigations with latent class models suggest that the outcome provision makes a significant share of respondents changing their choice pattern.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47777170","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2022-01-28DOI: 10.3368/le.98.4.041820-0056r1
Leah H. Palm‐Forster, Mark Griesinger, Julianna M. Butler, J. Fooks, K. Messer
{"title":"Stewardship Signaling and Use of Social Pressure to Reduce Nonpoint Source Pollution","authors":"Leah H. Palm‐Forster, Mark Griesinger, Julianna M. Butler, J. Fooks, K. Messer","doi":"10.3368/le.98.4.041820-0056r1","DOIUrl":"https://doi.org/10.3368/le.98.4.041820-0056r1","url":null,"abstract":"Nonpoint source pollution persists in agricultural landscapes, and policy makers are increasingly interested in opportunities to reduce pollution using behavioral approaches in lieu of regulations or increased financial incentives. We use a laboratory experiment to analyze how stewardship signaling and social pressure affect management decisions with environmental consequences. We find that stewardship signaling and, to some extent, social pressures increase adoption of a pollution-abatement technology, but the effect on social net benefit depends on the relative cost of technology adoption and the economic benefits of pollution reduction. Our results have implications for agri-environmental programs that publicly recognize environmental stewardship.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46474619","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land EconomicsPub Date : 2022-01-28DOI: 10.3368/le.98.4.061720-0088r2
S. Borsky, Hannah Hennighausen
{"title":"Public Flood Risk Mitigation and the Homeowner’s Insurance Demand Response","authors":"S. Borsky, Hannah Hennighausen","doi":"10.3368/le.98.4.061720-0088r2","DOIUrl":"https://doi.org/10.3368/le.98.4.061720-0088r2","url":null,"abstract":"This article investigates the influence of public risk mitigating activities on individuals’ decisions to privately mitigate their disaster risks through changes in their risk perceptions. We exploit heterogeneity in measures under the U.S. Community Rating System to empirically demonstrate that public investment in flood risk communication activities crowds in individuals’ flood insurance demand, while activities that lower the flood hazard residents face crowd out individuals’ flood insurance demand. We contribute to the discussion of the efficacy of disaster risk mitigation strategies and who ultimately bears the costs of natural disasters.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46541613","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}