Assessing Community Preferences for Development Projects: Are Willingness-to-Pay Studies Robust to Mode Effects?

2004 ◽  
Vol 32 (4) ◽  
pp. 655-672 ◽  
Author(s):  
Jennifer Davis
Keyword(s):  
Willingness To Pay ◽  
Development Projects ◽  
Mode Effects ◽  
Community Preferences

scholarly journals Willingness to pay for downtown public goods generated by large, sports-anchored development projects: The CVM approach

2012 ◽  
Vol 3 (3) ◽  
pp. 201-208 ◽  
Author(s):  
Bruce K. Johnson ◽  
John C. Whitehead ◽  
Daniel S. Mason ◽  
Gordon J. Walker
Keyword(s):  
Willingness To Pay ◽  
Public Goods ◽  
Development Projects

scholarly journals BUYER’S WILLINGNESS TO PAY FOR DWELLINGS WITH DIFFERENT ORIENTATIONS

2019 ◽  
Vol 23 (6) ◽  
pp. 450-466
Author(s):  
Han-Suck Song ◽  
Mats Wilhelmsson ◽  
Mo Zheng
Keyword(s):  
Willingness To Pay ◽  
Econometric Models ◽  
Development Projects ◽  
Data Set ◽  
Ancient City

This paper applies spatial hedonic econometric models to estimate the willingness of buyers to pay for dwellings with different orientations based on a data set comprising 63 306 transactions of secondhand apartment sales in 10 districts in Beijing from October 2011 to September 2014. Our results indicate that apartments with South orientation are sold at a 7.8% premium compared with those with West orientation, and that apartments in ancient city areas are more sensitive to orientation. The obtained results can help architects and developers to maximize the value of development projects by optimizing the layout of apartment units on each floor.

Subjective Time Preference and Willingness to Pay for an Energy-Saving Durable Good

2001 ◽  
Vol 32 (3) ◽  
pp. 133-141 ◽  
Author(s):  
Gerrit Antonides ◽  
Sophia R. Wunderink
Keyword(s):  
Willingness To Pay ◽  
Energy Saving ◽  
Subjective Time ◽  
Durable Good ◽  
Discount Function ◽  
Hyperbolic Discount ◽  
The One ◽  
Two Parameter ◽  
Difference Effect ◽  
Better Than

Summary: Different shapes of individual subjective discount functions were compared using real measures of willingness to accept future monetary outcomes in an experiment. The two-parameter hyperbolic discount function described the data better than three alternative one-parameter discount functions. However, the hyperbolic discount functions did not explain the common difference effect better than the classical discount function. Discount functions were also estimated from survey data of Dutch households who reported their willingness to postpone positive and negative amounts. Future positive amounts were discounted more than future negative amounts and smaller amounts were discounted more than larger amounts. Furthermore, younger people discounted more than older people. Finally, discount functions were used in explaining consumers' willingness to pay for an energy-saving durable good. In this case, the two-parameter discount model could not be estimated and the one-parameter models did not differ significantly in explaining the data.

Deciding the Adequacy of a Set of Tests for an Specific Assessment Situation. Decision-making Strategies

1996 ◽  
Vol 12 (1) ◽  
pp. 14-22
Author(s):  
R. Esteve ◽  
A. Godoy
Keyword(s):  
Decision Making ◽  
Time Pressure ◽  
Response Mode ◽  
Information Load ◽  
Variable Pattern ◽  
Mode Effects ◽  
Moderator Effects ◽  
Specific Assessment ◽  
Information Board ◽  
Decision Importance

The aim of the present paper was to test the effects of response mode (choice vs. judgment) on decision-making strategies when subjects were faced with the task of deciding the adequacy of a set of tests for a specific assessment situation. Compared with choice, judgment was predicted to lead to more information sought, more time spent on the task, a less variable pattern of search, and a greater amount of interdimensional search. Three variables hypothesized as potential moderators of the response mode effects are also studied: time pressure, information load and decision importance. Using an information board, 300 subjects made decisions (choices and judgments) on tests for a concrete assessment situation, under high or low time pressure, high or low information load, and high or low decision importance. Response mode produced strong effects on all measures of decision behavior except for pattern of search. Moderator effects occurred for time pressure and information load.

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