This is a past event
The first HERU External Seminar of 2020 will be delivered by Dr Tobias Borger, Lecturer in Economics at the University of Stirling.
The talk is on 'Preferences for coastal and marine conservation in Vietnam: accounting for differences in individual choice set formation'.
Abstract: This study has two objectives. The first is to estimate the value of implementing new marine conservation measures in Vietnam, focussing on the relative benefits of water quality improvements, coral conservation and control of marine plastics pollution. The second is to explicitly model any tendency of respondents to fail to give consideration to the “opt-out” or status quo option in a choice experiment, due to social and cultural factors. The analysis employs the independent availability logit model with random coefficients to simultaneously account for heterogeneity of preferences and choice set formation. Results show significantly improved model fit when consideration set heterogeneity is taken into account. However, estimates of preference weights and marginal willingness to pay for marine conservation measures are only slightly affected by this modelling choice.
- Speaker
- Dr Tobias Borger
- Hosted by
- Dr Luis Loría Rebolledo
- Venue
- Rm1:029, Polwarth Building