Table 2 Summary statistics and definition of selected variables
From: South Carolina forestland owners’ willingness to accept compensations for carbon sequestration
Variable | Definition | Obs | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|---|---|
Valuation: | ||||||
Yes/no | Response to the bid (1 if yes; 0 for no). | 647 | 0.32 | 0.47 | 0 | 1 |
Bid | Dollar amount offered to forestland owners. | 567 | 33.33 | 20.97 | 7 | 65 |
Forestland & Ecosystem Services: | ||||||
Forestland | Total forestland owned in acres. | 565 | 1820.96 | 6939.91 | 100 | 80,000 |
Credit acres | Reported acres of forestland to use in carbon market. | 201 | 1292.41 | 5762.22 | 20 | 70,000 |
Years owned | Number of years a forestland is owned. | 555 | 26.97 | 19.82 | 1 | 150 |
Easement | If forestland is in easement (1 if “yes”; 0 for “No”). | 647 | 0.23 | 0.42 | 0 | 1 |
Ecosystems1 | How important are ecosystem services to you (1 if very important; 0 otherwise). | 559 | 0.37 | 0.48 | 0 | 1 |
Ecosystems2 | How important are ecosystem services to you (1 if important; 0 otherwise). | 559 | 0.41 | 0.49 | 0 | 1 |
Ecosystems3 | How important are ecosystem services to you (1 if slightly important; 0 otherwise). | 559 | 0.16 | 0.37 | 0 | 1 |
Ecosystems4 | How important are ecosystem services to you (1 if not important; 0 otherwise). | 559 | 0.06 | 0.24 | 0 | 1 |
Aggregation | Whether owner is willing to combine forestland with owners to participate (1 if yes; 0 if no). | 192 | 0.79 | 0.41 | 0 | 1 |
Information & Trust: | ||||||
Paris | Information on Paris Accord. | 541 | 0.49 | 0.5 | 0 | 1 |
Scientist1 | How much you trust information about climate change from a scientist (1 if high; 0 otherwise). | 557 | 0.38 | 0.49 | 0 | 1 |
Scientist2 | How much you trust information about climate change from a scientist (1 if moderate; 0 otherwise). | 557 | 0.44 | 0.5 | 0 | 1 |
Scientist3 | How much you trust information about climate change from a scientist (1 if low; 0 otherwise). | 557 | 0.13 | 0.34 | 0 | 1 |
Scientist4 | How much you trust information about climate change from a scientist (1 if none; 0 otherwise). | 557 | 0.05 | 0.22 | 0 | 1 |
Government1 | How much you trust information about climate change from government (1 if high; 0 otherwise). | 561 | 0.07 | 0.25 | 0 | 1 |
Government2 | How much you trust information about climate change from government (1 if moderate; 0 otherwise). | 561 | 0.32 | 0.47 | 0 | 1 |
Government3 | How much you trust information about climate change from government (1 if low; 0 otherwise). | 561 | 0.36 | 0.48 | 0 | 1 |
Government4 | How much you trust information about climate change from government (1 if none; 0 otherwise). | 561 | 0.25 | 0.43 | 0 | 1 |
Sociodemographic: | ||||||
Gender | 1 if male; 0 otherwise. | 647 | 0.71 | 0.45 | 0 | 1 |
Education | Level of education in years. | 558 | 17.05 | 1.95 | 9 | 19 |
Income | Average 2016 household income in dollars. | 461 | 138,476.1 | 64,958.15 | 5000 | 212,500 |