| Popis: |
This study analyzed preferences for wetland-loss prevention in coastal Louisiana. Data were obtained through a contingent-valuation mail survey of a random sample of Louisiana households. Results, based on 511 responses, indicate that respondents have a strong preference for a short-run program (72.41% chose this program over a long-run program or no action). Respondents that had higher incomes, were white, had prior knowledge of ongoing restoration efforts, and had confidence in government were more likely to support some program relative to no action, as were those citing hurricane, environmental, and/or climate-change protection as their primary concern. Older respondents and those with negative perceptions of climate change were more likely to prefer the short-run over the long-run program. Median net present value of willingness to pay (assuming 18.37% discount rate) was estimated at $17,491 per household for the multinomial logit model and $3,307 under the Turnbull lower-bound method. |
