ANALYZING SINGLE BOUNDED DICHOTOMOUS CHOICE CONTINGENT VALUATION DATA USING NON-PARAMETRIC METHOD COMPARED WITH PARAMETRIC METHOD FOR PROTECTION OF CHANDELIER LILY FLOWER IN GILAN PROVINCE

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MOLAEI M.; QADERI KH.

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Journal: Journal of Agricultural Economics and Development Year:2014 | Volume:22 | Issue:85 Page(s): 65-85

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Title

ANALYZING SINGLE BOUNDED DICHOTOMOUS CHOICE CONTINGENT VALUATION DATA USING NON-PARAMETRIC METHOD COMPARED WITH PARAMETRIC METHOD FOR PROTECTION OF CHANDELIER LILY FLOWER IN GILAN PROVINCE

Author(s)

MOLAEI M. | QADERI KH. | Issue Writer Certificate

Keywords

CONTINGENT VALUATIONQ2

DICHOTOMOUS CHOICEQ1

PARAMETRIC VS. NONPARAMETRIC METHODQ2

NON- MARKET VALUESQ2

Abstract

Dichotomous choice CONTINGENT VALUATION method is used to estimate non-market values. This method has some disadvantages, including whether the statistical method used to estimate the willingness to pay is the correct choice or not. This study, for the first time in the country, makes use of a nonparametric method to estimate the willingness to pay for the protection of Chandelier Lily flower in Gilan province and compare the results with those of the parametric method. To compare these methods, distributive parameters of willingness to pay (including mean, standard deviation, t-statistics and confidence interval) are calculated and compared. The study results show that the mean amounts of willingness to pay estimated in the parametric and nonparametric methods are 6540.33 and 8131.79 Rials and their t-statistics are 10.71 and 14.41, respectively. Also, the t-statistics is calculated 1.91 for the equality of two means, showing that the obtained amounts of mean willingness to pay using these methods are not significantly different at 5%. This indicates that the chosen distribution form for estimating the amounts of willingness to pay is correct for parametric method. Finally, it is suggested that policy and decision makers in the context of natural and environmental resources be very careful when using the calculated willingness to pay, awaring of the method used for calculation and the assumptions considered.

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APA: Copy

MOLAEI, M., & QADERI, KH.. (2014). ANALYZING SINGLE BOUNDED DICHOTOMOUS CHOICE CONTINGENT VALUATION DATA USING NON-PARAMETRIC METHOD COMPARED WITH PARAMETRIC METHOD FOR PROTECTION OF CHANDELIER LILY FLOWER IN GILAN PROVINCE. EQTESAD-E KESHAVARZI VA TOWSE'E, 22(85), 65-85. SID. https://sid.ir/paper/24501/en

Vancouver: Copy

MOLAEI M., QADERI KH.. ANALYZING SINGLE BOUNDED DICHOTOMOUS CHOICE CONTINGENT VALUATION DATA USING NON-PARAMETRIC METHOD COMPARED WITH PARAMETRIC METHOD FOR PROTECTION OF CHANDELIER LILY FLOWER IN GILAN PROVINCE. EQTESAD-E KESHAVARZI VA TOWSE'E[Internet]. 2014;22(85):65-85. Available from: https://sid.ir/paper/24501/en

IEEE: Copy

M. MOLAEI, and KH. QADERI, “ANALYZING SINGLE BOUNDED DICHOTOMOUS CHOICE CONTINGENT VALUATION DATA USING NON-PARAMETRIC METHOD COMPARED WITH PARAMETRIC METHOD FOR PROTECTION OF CHANDELIER LILY FLOWER IN GILAN PROVINCE,” EQTESAD-E KESHAVARZI VA TOWSE'E, vol. 22, no. 85, pp. 65–85, 2014, [Online]. Available: https://sid.ir/paper/24501/en

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