by Bruno Wichmann, department of Agricultural Economics at the University of Alberta
Holiday Skate with the Lakers
$3 admission, skate rental fee of $3. Both men's and women's ice hockey teams will skate and sign autographs. Holiday music, Santa Claus, concessions and a hockey jersey raffle. Proceeds benefit the SEFA/United Way campaign.
Location: Marano Campus Center arena
Sunday, Dec 11, 1 p.m. - 3 p.m.
Graduation ceremony for students completing their baccalaureate and master's degrees fall semester. Free with ticket, including parking. http://www.oswego.edu/student/services/college_store/graduation.html
Location: Arena and Convocation Hall, Marano Campus Center
Saturday, Dec 17, 10 a.m. - noon
Wrestling Ithaca Dual Meet
Location: Lee Hall
Saturday, Dec 10, noon - 3 p.m.
Men's Basketball vs. Buffalo State
$6 adults, $4 children 5-18, and free for SUNY Oswego students with ID and children under 5. Tickets may be purchased at tickets.oswego.edu. 315-312-3073.
Location: Max Ziel Gymnasium
Saturday, Dec 10, 2 p.m. - 4 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.