nep-dcm New Economics Papers
on Discrete Choice Models
Issue of 2011‒10‒22
one paper chosen by
Philip Yu
Hong Kong University

  1. Do Monetary, Fiscal and Financial Institutions Really Matter for Inflation Targeting in Emerging Market Economies? By Dambala Gelo; Steven F. Koch

  1. By: Dambala Gelo; Steven F. Koch
    Abstract: Through the implementation of a choice experiment valuation exercise, this study set out to identify the set of community plantation attributes that impact the welfare of potential community forestry program participants. We employed a combination of choice models to evaluate the preferences, welfare impacts and choice elasticities associated with alternative community forestry programs, allowing for different assumptions regarding heterogeneity. In line with economic theory, increased participation costs reduced the demand for community forestry, while increases in expected productivity raised the demand. With respect to preferences for the other alternatives considered — type of forest, area enclosure and type of land upon which the forest was to be situated — the results point to significant differences in preferences across the study population, suggesting that programs should be tailored to the communities in which the program is to be implemented.
    Keywords: community forestry, choice experiment, conditional logit, random parameters logit and latent class model
    JEL: Q23 Q28 Q51
    Date: 2011

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