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Landowner Willingness to Accept Monetary Compensation for Managing Forests for Ecosystem Services in the Southern United StatesNARA Subscribed
Distributional specifications of the willingness-to-accept function affect the accuracy of welfare estimates when the contingent valuation model includes unsure responses. By exponentiating the bid variable, we implemented an improved methodological approach to estimate four discrete choice models reflecting treatment of unsure responses. Landowners required an average compensation of $93 acre−1 year−1 to participate in a 10-y...
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