Poe Test Results for WTP Values Derived from the Extended RPL and LC Model
| Water Quality scenario | Poe Testa | |
|---|---|---|
| p | Reject Equality? | |
| Implicit prices | ||
| Poor → Moderate | 0.700 | No |
| Poor → Good | 0.929 | No |
| Poor → Very good | 0.992 | No |
| Moderate → Good | 0.246 | No |
| Moderate → Good | 0.606 | No |
| Moderate → Very good | 0.846 | No |
| Moderate → Very good | 0.880 | No |
| Good → Very good | 0.466 | No |
| Compensating surplus | ||
| Current → Good | 0.434 | No |
| Current → Very good | 0.577 | No |
Note: LC, latent class; RPL, random parameter logit; WTP, willingness to pay.
↵a Test of the emprirical distribution of the WTP values estimated for the second extended RPL and LC model (Poe, Giraud, and Loomis 2005).