The treatment of income variable in willingness to pay studies
AbstractThis paper evaluates income variable specification and functional form issues in contingent-valuation studies using the utility-theoretic approach. Applying data from a study of willingness to pay for irradiated beef, results suggest that functional form does affect the estimates, but variable specification does not introduce statistically significant differences.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Economics Letters.
Volume (Year): 11 (2004)
Issue (Month): 9 ()
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Web page: http://www.tandf.co.uk/journals/routledge/13504851.html
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- Mehdi Farsi, 2008.
"Risk-Aversion and Willingness to Pay for Energy Efficient Systems in Rental Apartments,"
CEPE Working paper series
08-55, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Farsi, Mehdi, 2010. "Risk aversion and willingness to pay for energy efficient systems in rental apartments," Energy Policy, Elsevier, vol. 38(6), pages 3078-3088, June.
- Henry-Osorio, Miguel & Mittelhammer, Ronald C., 2012. "An Information-Theoretic Approach to Modeling Binary Choices: Estimating Willingness to Pay for Recreation Site Attributes," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123432, Agricultural and Applied Economics Association.
- Thomas Broberg, 2010. "Income Treatment Effects in Contingent Valuation: The Case of the Swedish Predator Policy," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 46(1), pages 1-17, May.
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