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.
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Abstract
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 |
| Language: | English |
| 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 |
| Item ID: | 31237 |
| Depositing User: | Kevin Boyle |
| Date Deposited: | 02 Jun 2011 19:58 |
| Last Modified: | 27 Sep 2019 07:29 |
| References: | 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 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/31237 |
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