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ToolsLangford, Ian H., Bateman, Ian J., Jones, Andrew P., Langford, Hugh D. and Georgiou, Stavros (1998) Improved estimation of willingness to pay in dichotomous choice contingent valuation studies. Land Economics, 74 (1). pp. 65-75. ISSN 0023-7639
Full text not available from this repository.Abstract
This paper uses recently developed statistical techniques to achieve improved parameter estimates from models ofdichotomoiis choice contingent valuation data. Random effects associated with bid amounts presented to respondents are modelled alongside the variance of individual responses, to give a nested model which more truly reflects the structure of the data being analyzed. Quasi-likelihood methods for estimating parameters in such hierarchical models are discussed, and a simulation method for assessing goodness of fit is demonstrated. However, estimated parameters may still be biased, and hence, a parametric bootstrap technique is presented and compared to a delta method approximation. (JEL Q26).
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | contingent valuation,environmental economics,theory,willingness to pay |
| Faculty \ School: | Faculty of Science > School of Environmental Sciences |
| UEA Research Groups: | Faculty of Medicine and Health Sciences > Research Centres > Business and Local Government Data Research Centre (former - to 2023) Faculty of Medicine and Health Sciences > Research Groups > Public Health and Health Services Research (former - to 2023) Faculty of Medicine and Health Sciences > Research Groups > Health Promotion Faculty of Medicine and Health Sciences > Research Groups > Epidemiology and Public Health |
| Related URLs: | |
| Depositing User: | Pure Connector |
| Date Deposited: | 16 Jan 2015 13:10 |
| Last Modified: | 21 Oct 2022 00:25 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/51699 |
| DOI: | 10.2307/3147213 |
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