Variable | Definition | Unit |
Dependent Variable | ||
yi | Response to willingness to pay | 1 = Yes 0 = No |
WTP | willingness to pay | USD |
Independent Variable | ||
Gen | Gender | 1 = Male 0 = Female |
Age | Age | Year |
Occ | Occupation | 1 = Government staff 0 = Others |
Edu | Education | Years |
Stat | Status | 1 = Married 0 = Others |
Eth | Ethnicity | 1 = Laoloum 0 = Others |
HS | Household size | People |
Tl | Years of living | Years |
Mceo | Used to participate in elephant conservation | 1 = Used to 0 = Never |
Inc | Household income per month | USD |
Price | Price to pay for conservation | USD |
#Math_2# : a constant parameter | ||
#Math_3# : the coefficient of the bid variable | ||
#Math_4# : error |