diversity in natural aspects for relaxation, entertainment as well as recreational opportunities associated with walking, sightseeing, camping near wells, qanats, and springs to spend leisure time and to enjoy landscapes, represents the recreational values which can be perceived due to surface water limitations. recreational value of water includes the benefits derived from those who leave wate...

In this paper we propose a mixture model of willingness to pay distributions for contingent valuation studies. By allowing a point mass at zero, this model nests the conventional model as a special case. We discuss both parametric and nonparametric estimations of the mixture model. We consider estimation under two different data information settings for a double bounded dichotomous choice forma...

Agents partition deterministic outcomes into good or bad. A direct revelation mechanism selects a lottery over outcomes — also interpreted as time-shares. Under such dichotomous preferences, the probability that the lottery outcome be a good one is a canonical utility representation. The utilitarian mechanism averages over all deterministic outcomes “approved” by the largest number of agents. I...

BACKGROUND Complementary health insurance is increasingly used to remedy the limitations and shortcomings of the basic health insurance benefit packages. Hence, it is essential to gather reliable information about the amount of Willingness to Pay (WTP) for health insurance. We assessed the WTP for health insurance in Iran in order to suggest an affordable complementary health insurance. METHO...

A number of issues have been raised in the contingent valuation (CV) literature regarding the ‘validity’ of CV welfare estimates. This study addressed a number of these concerns within a study looking at the value of an air ambulance service in England. The double bounded dichotomous choice (DBDC) CV approach was used, and data was collected from 800 individuals across England, using a computer...

This study aims to identify the effects of health-related risk perception and sociodemographic characteristics on willingness pay (WTP) for travel insurance as a reduction behavior following outbreak COVID-19. Through application double-bounded dichotomous choice contingent valuation method, this found several determinants price (i.e., toward traveling, about influence COVID-19, past purchase e...