PT  - JOURNAL ARTICLE
AU  - Kovacs, Kent F.
AU  - Snell, Heather
AU  - McFadden, Brandon R.
AU  - Nayga, Rodolfo M.
TI  - Lumpy Heterogeneity in Groundwater Service Values and Time Preferences
AID  - 10.3368/le.101.1.040524-0033
DP  - 2025 Feb 01
TA  - Land Economics
PG  - 71--88
VI  - 101
IP  - 1
4099  - http://le.uwpress.org/content/101/1/71.short
4100  - http://le.uwpress.org/content/101/1/71.full
AB  - From a choice experiment about groundwater management, we consider time preferences and groundwater service values through sociodemographic characteristics using a model called the discounted latent class model. A policy-motivated latent class has a higher income, greater familiarity with an aquifer, and more concern for the risks that groundwater decline poses to people and the environment. A business-as-usual latent class has a conservative ideology. Exponential discounting is preferred, and the discount rate is larger for the policy group than the business-as-usual group. Other models we use include the discounted mixed logit model and the discounted logit-mixed logit model.