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To address the objective, three model specifications were developed representing urban development in the Barnegat Bay watershed (New Jersey, USA).
Various other model specifications were attempted.
In the first stage, 6 different model specifications were used to analyse the two respondent data sets (Blue and Green) as follows: Model 1: with the dependent variable as 100 – raw VAS value with no constant term in the model.
Different model specifications were compared using the log likelihood ratio index (LLRI) and the preferred MXL (with highest LLRI) was employed to inform the WTP estimates (see Additional file 1); its attached WTP estimates did not change the direction of the CBA findings based on the CL model (see Additional file 2).
For the purposes of this study, the following model specifications were estimated; H S it = α i + β 1 H E it + β 2 Y it + β 4 POPU 1 it + β 5 POPU 2 it + β 6 POPU 3 it + ε it (3).
Several model specifications were explored.
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Different model specifications are tested, and the analysis highlights important policy interaction effects.
Most of the formulas that are required by HH-style model specifications are pretty straightforward, and visual inspection is sufficient to reassure one that units are indeed consistent.
Several econometric model specifications are considered as well as alternative approaches to handle zero willingness to pay values and protest responses.
Different meta-regression model specifications are used to test the robustness of significant determinants of non-market values, including different types of hydropower impacts.
Otherwise, as model [1] and [2] reflect, the model specifications are identical.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com