Semi-nonparametric distribution-free dichotomous choice contingent valuation
Semi-nonparametric distribution-free dichotomous choice contingent valuation
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DOI:
10.1006/jeem.1997.0972
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发表时间:
1997-03-01
影响因子:
4.6
通讯作者:
Loomis, J
中科院分区:
文献类型:
--
作者:
Creel, M;Loomis, J
We apply a semi-nonparametric distribution-free estimator for binary discrete response data to the estimation of a dichotomous choice contingent valuation model. Using this estimator, mean and median compensating and equivalent variation can he consistently estimated without making nontheoretically motivated assumptions on consumer' preferences. The approach is illustrated using a contingent valuation survey of willingness to pay for reduction of risk of premature death due to exposure to hazardous waste. We find that a conventional parametric estimator and the proposed estimator give similar estimates of unconditional WTP, but that conditional on explanatory variables the estimates are quite different. (C) 1997 Academic Press.