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Obtaining welfare bounds in discrete-response valuation studies: A non-parametric approach
Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå, Sweden.
Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå, Sweden.
Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå, Sweden.
1999 (English)In: Land Economics, ISSN 0023-7639, E-ISSN 1543-8325, Vol. 75, no 2, 284-294 p.Article in journal (Refereed) Published
Abstract [en]

Welfare change estimates obtained from discrete-response contingent valuation experiments normally assume a particular distribution of willingness-to-pay (WTP). Using conventional microeconomy theory, we derive upper and lower bounds on such  estimates. These bounds are interpreted statistically in terms of non-parametric estimators of mean WTP and its variance. Two contingent valuation surveys illustrate the proposed bounds, and the performances of the variance estimators are scrutinized with a Monte Carlo simulation. All calculations can be made by hand, .simplifying communication among those involved in interpreting results from contingent valuation studies using discrete-response data. [ABSTRACT FROM AUTHOR]

Place, publisher, year, edition, pages
University of Wisconsin Press, 1999. Vol. 75, no 2, 284-294 p.
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:umu:diva-64356OAI: oai:DiVA.org:umu-64356DiVA: diva2:600436
Available from: 2013-01-24 Created: 2013-01-24 Last updated: 2017-12-06Bibliographically approved
In thesis
1. Public goods in Swedish forests: Essays on nonmarket valuation and environmental policy
Open this publication in new window or tab >>Public goods in Swedish forests: Essays on nonmarket valuation and environmental policy
1997 (English)Doctoral thesis, comprehensive summary (Other academic)
Place, publisher, year, edition, pages
Umeå: Sveriges Lantbruksuniversitet, 1997. 60 p.
Series
Acta Universitatis Agriculturae Sueciae, Silvestria, ISSN 1401-6230 ; 34
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:umu:diva-64418 (URN)91-576-5318-6 (ISBN)
Public defence
1997-09-05, Hörsal 1, Sveriges lantbruksuniversitet, Umeå, 10:00 (English)
Opponent
Supervisors
Note

retroaktiv registrering

Available from: 2013-02-06 Created: 2013-01-28 Last updated: 2013-02-06Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
More languages
Output format
  • html
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  • asciidoc
  • rtf