Boyle, Kevin J. and Welsh, Michael P. and Bishop, Richard C. (1988): Validation of empirical measures of welfare change: comment. Published in: Land Economics , Vol. 64, No. 1 (1988): pp. 94-98.
Download (314kB) | Preview
In an excellent article from a recent issue of this journal, Sellar, Stoll and Chavas (1985) make a technical error which causes them to misstate their closed-ended estimates of willingness to pay. Truncation of the estimated cummulative distribution function must we made explicit in compution of willingness to pay.
|Item Type:||MPRA Paper|
|Original Title:||Validation of empirical measures of welfare change: comment|
|Keywords:||nonmarket valuation; contingent valuation; stated preferences; welfare evaluation; willingness to pay|
|Subjects:||H - Public Economics > H4 - Publicly Provided Goods
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General
D - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency ; Cost-Benefit Analysis
Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q51 - Valuation of Environmental Effects
|Depositing User:||Kevin Boyle|
|Date Deposited:||02. Jun 2011 19:58|
|Last Modified:||18. May 2015 09:54|
Bishop, Richard C., Kevin J. Boyle, Michael P. Welsh, Robert M. Baumgartner and Pamela R. Rathburn. 1987. "Glen Canyon Dam Releases and Downstream Recreation: An Analysis of User Preferences and Economic Values." HBRS, final report to the U.S. Bureau of Reclamation.
Bishop, Richard C., Thomas A Heberlein