With the data bank obtained, flexible discrete choice models were estimated in order to derive willingness-to-pay (WTP) for these various attributes.
Furthermore, this work complements studies conducted on the individual level deriving willingness-to-pay values for health risk reductions either from experiments (see e.g. [12]) or from utility-theoretic models (see e.g. [13]).
Using over 5000 observations on house sales in Wellington, New Zealand, we derive the willingness to pay for an extra daily hour of sunlight, on average, across the year.
Following common practice in hedonic demand modelling [30], we derive the willingness-to-pay for a certain attribute by taking the ratio of its coefficient estimate to the price coefficient.
The argument in the text suggests that, even if the underlying distribution of income and wealth were morally acceptable, we would require additional argument to establish that the representation of preference derived by willingness to pay would yield interpersonally comparable measures of well-being.
The power of Raja Shehadeh's memoir derives from his willingness, rare among Palestinian writers, to probe the emotional and political limits of his own society.
The craziness of The Hundred Brothers derives from its willingness to embrace, even celebrate, the dark fact that an individual's life consists, finally, of an accelerating march toward decay and death.
To fill this gap, we designed a discrete choice experiment, which was implemented in a valuation workshop setting in order to derive estimates of participants' willingness to pay (WTP) for increasing the protection of CWC.
He is an authority figure whose authority derives from his strategic willingness to deconstruct that authority.
His affection seems to have derived chiefly from her willingness to let him do whatever he wanted, and as in almost every interview he has ever given, he proudly cites how the Tory manifesto on education expanded from one to eight pages between 1983 and 1987.
According to unpublished data, the sense of belonging derives from the individual's willingness to be a part of society but it is also society's acceptance of the individual that matters [ 28].
