RT Journal Article
SR Electronic
T1 The Influence of Projected Outcomes on Preferences over Alternative Regulations: Evidence from a Recreational Fishery
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 599
OP 617
DO 10.3368/le.98.4.102820-0164R1
VO 98
IS 4
A1 Zhenshan Chen
A1 Pengfei Liu
A1 Eric T. Schultz
A1 Jacob M. Kasper
A1 Stephen K. Swallow
YR 2022
UL http://le.uwpress.org/content/98/4/599.abstract
AB The expected outcomes arising from alternative policies on respondent choice have not been sufficiently accounted for in stated preference studies. We accordingly develop a framework to quantitatively assess the influence of outcome provision and illustrate with a choice experiment in a recreational fishery. The application suggests that participants are more likely to choose the status quo and low-cost options when outcomes are not provided, and these conservative behaviors might reflect the higher dispersion in anglers’ utility in tautog (Tautoga onitis) fishing. Further investigations with latent class models suggest that the outcome provision makes a significant share of respondents changing their choice pattern.