Zhenshan Chen, Pengfei Liu, E. Schultz, J. Kasper, S. Swallow
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The Influence of Projected Outcomes on Preferences over Alternative Regulations: Evidence from a Recreational Fishery
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.
期刊介绍:
Land Economics is dedicated to the study of land use, natural resources, public utilities, housing, and urban land issues. Established in 1925 by the renowned economist and founder of the American Economic Association, Richard T. Ely at the University of Wisconsin, Land Economics has consistently published innovative, conceptual, and empirical research of direct relevance to economists. Each issue brings the latest results in international applied research on such topics as transportation, energy, urban and rural land use, housing, environmental quality, public utilities, and natural resources.