Patunru, Arianto A. ; Braden, John B. ; Chattopadhyay, Sudip (2007) Who Cares about Environmental Stigmas and Does It Matter? A Latent Segmentation Analysis of Stated Preferences for Real Estate American Journal of Agricultural Economics, 89 (3). pp. 712-726. ISSN 0002-9092
Full text not available from this repository.
Official URL: http://doi.org/10.1111/j.1467-8276.2007.00988.x
Related URL: http://dx.doi.org/10.1111/j.1467-8276.2007.00988.x
Abstract
This article uses latent segmentation analysis to estimate the benefits of contaminant cleanup in Waukegan Harbor, Illinois. Survey responses to attitudinal and perception questions provide significant information about the existence of distinct preference groups. By comparison, the predictive usefulness of demographic covariates is unclear. The expected aggregate willingness-to-pay of Waukegan homeowners for full cleanup is approximately equivalent to a 20% increase in the market value of homes. The aggregate estimate is little affected by the identification of preference clusters.
| Item Type: | Article |
|---|---|
| Source: | Copyright of this article belongs to John Wiley & Sons, Inc |
| ID Code: | 134342 |
| Deposited On: | 06 Jan 2023 05:18 |
| Last Modified: | 06 Jan 2023 05:18 |
Repository Staff Only: item control page
