The purpose of this study is twofold: (1) to examine households’ willingness
to pay for preserving offshore natural beauty from the construction of wind
farm as an alternative nonrenewable energy and (2) to analyze the effect on the
economic value of a public good resulting from the change in order of information.
We employ parametric method with logistic distribution and distribution-free
Turnbull estimator to a dichotomous choice contingent valuation survey to elicit
economic value of preserving offshore area in Nantucket Sound, Massachusetts.
Using Turnbull estimator, the economic values of public good in question, as
measured by expected lower bound willingness to pay (WTP) and willingness to
accept (WTA), are estimated to be $56.74 and $89.44 per year, respectively.
However, the censored logistic regression, which depends on the assumed logistic
distribution, produced median WTP and WTA of very small values $0.08 and $0.09.
Regarding the survey treatment, we find no significant effect of the order of
information on WTP/WTA responses.

• Public values on offshore wind farm