CLEAN ECONOMY WORKING PAPER SERIES - ECONOMIC FEASIBILITY OF A WETLAND CERTIFICATION PROGRAM

The welfare change is estimated by taking the negative ratio of the coefficient of the non-monetary attribute to that of the monetary attribute known as the marginal willingness to pay (MWTP). [...] The marginal WTP is calculated as follows: ? ? (4.3) ? ? ? ? = −? ? ? ? ? ? Where ? ? is the marginal utility of the parameter estimates for the non-monetary attribute and ? ? ? ? ? ? is the marginal disutility of price, which is represented as the coefficient of the monetary attribute in the CE. [...] The percentage the producer receives is estimated based on the price of a bushel of wheat and the market price of the bag of wheat flour. [...] The government is responsible for the conservation of wetlands The government values wetlands The government is honest about the success of wetland restoration programs The government has sufficient knowledge to guarantee the protection of wetlands The government has the competence to monitor the restoration of wetlands 0% 20% 40% 60% 80% 100% Strongly Agree Somewhat Agree Neither Agree or Disagre. [...] The farmer is responsible for the conservation of wetlands The farmer values wetlands The farmer is honest about the success of wetland restoration programs The farmer has sufficient knowledge to guarantee the protection of wetlands The farmer has the competence to monitor the restoration of wetlands 0% 20% 40% 60% 80% 100% Strongly A gree Somewhat Agree Neither Agree or Disagree Somewhat Disagree.