Base Model | Consequentiality Dummy Model | Consequentiality Question Before | Consequentiality Question After | Special Regressor^{a} | |
---|---|---|---|---|---|

BWA small | 0.00756^{***}(0.00288) | 0.00735^{**}(0.00289) | 0.0107^{***}(0.00400) | 0.00381 (0.00419) | 1.253^{***}(0.352) |

Tax amount | –0.00222^{***}(0.000513) | –0.00220^{***}(0.000515) | –0.00223^{***}(0.000718) | –0.00221^{***}(0.000735) | ^{—} |

Consequentiality dummy (C > 1 = 1) | 0.346^{***}(0.122) | 53.77 (121.8) | |||

Constant | 0.0116 (0.104) | –0.271^{*}(0.145) | –0.103 (0.142) | 0.151 (0.154) | –65.98 (98.48) |

Observations | 757 | 757 | 382 | 375 | 757 |

Log likelihood | –512.3 | –508.3 | –256.2 | –255.1 |

*Note:*Standard errors in parentheses. BWA, boil water advisory.↵a The coefficient of the special regressor

*B*is not shown here because it is normalized to one. Therefore, the other coefficients can be interpreted as willingness to pay. The estimates are given by a two-stage least squares regression linked to Step 5 of the special repressor approach outlined in the previous section.↵*

*p*< 0.10;↵**

*p*<0.05;↵***

*p*< 0.01.