by Bruno Wichmann, department of Agricultural Economics at the University of Alberta
Tyler Hall Campus Open House
Tour the newly renovated and reopened fine and performing arts building. Performances and refreshments. Part of SUNY Oswego's School of Communication, Media and the Arts week. Free. 315-312-6612.
Location: Tyler Hall
Friday, Oct 28, 2:30 p.m. - 4:30 p.m.
Tyler Hall Community Open House
Open house for the public to tour SUNY Oswego's newly renovated and reopened fine and performing arts building. Part of the School of Communication, Media and the Arts week. Free; parking for those without a campus parking sticker is $1 -- see oswego.edu/administration/parking. 315-312-6612.
Location: Tyler Hall
Saturday, Oct 29, 1 p.m. - 3 p.m.
Men's Ice Hockey vs. Elmira
Free for student with college ID. 3056.
Location: Marano Campus Center Arena
Friday, Oct 28, 7 p.m. - 9:30 p.m.
Swimming & Diving vs. Wells
Location: Laker Pool in Laker Hall
Saturday, Oct 29, 1 p.m. - 5 p.m.
For more information, visit http://alumni.oswego.edu/homecoming
Thursday, Oct 27, 7:32 p.m. - 7:32 p.m.
Stated Preference (SP) valuation is often the only available approach to estimation of non-market values. Among SP elicitation formats, dichotomous choice has the potential to have important incentive compatibility properties and is therefore commonly used. This paper shows that yes/no responses are not independent when non-market values are influenced by social networks. However, the empirical literature has yet to attempt estimation of non-market values explicitly accommodating network effects. We investigate the statistical properties of estimates of mean willingness to pay obtained through standard econometric approaches that ignore social networks. Monte Carlo experiments using different types of simulated and real world social networks indicate that failure to account for network effects leads to underestimation of non-market values. We also show that spatial econometric models can be adapted to estimate non-market values when responses are socially connected.
A copy of this paper is available here.