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Estimating individual valuation distributions with multiple bounded discrete choice data

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  • Hua Wang
  • Jie He

Abstract

This article presents a new modelling strategy that estimates individual valuation distributions with Multiple Bounded Discrete Choice (MBDC) data. An individual's valuation of a commodity or service is assumed to have a distribution rather than being a single number. Likelihood responses to the MBDC questions are numerically coded and treated with a new panel technique. The proposed estimation strategy is empirically compared with previous data analysis methods.

Suggested Citation

  • Hua Wang & Jie He, 2011. "Estimating individual valuation distributions with multiple bounded discrete choice data," Applied Economics, Taylor & Francis Journals, vol. 43(21), pages 2641-2656.
  • Handle: RePEc:taf:applec:v:43:y:2011:i:21:p:2641-2656
    DOI: 10.1080/00036840903299789
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    Citations

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    Cited by:

    1. Hua Wang & Jie He & Desheng Huang, 2018. "Valuation Biases Caused by Public Distrust: Identification and Calibration with Contingent Valuation Studies of Two Air Quality Improvement Programs in China," Cahiers de recherche 18-05, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    2. Okuyama, Tadahiro, 2018. "Analysis of optimal timing of tourism demand recovery policies from natural disaster using the contingent behavior method," Tourism Management, Elsevier, vol. 64(C), pages 37-54.
    3. Ousmane Z. Traoré & Lota D. Tamini & Bernard Korai, 2023. "Willingness to pay for credence attributes associated with agri‐food products—Evidence from Canada," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 71(3-4), pages 303-327, September.
    4. Bigerna, Simona & Polinori, Paolo, 2014. "Italian households׳ willingness to pay for green electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 110-121.
    5. Marius Yapo & Jie He & Bruno Gagnon & Luc Savard & Roland Leduc, 2015. "La valeur économique pour l’amélioration de la qualité de l’eau: le cas de la rivière Magog et du lac Magog (Québec, Canada)," Cahiers de recherche 15-15, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    6. He, Jie & Huang, Anping & Xu, Luodan, 2015. "Spatial heterogeneity and transboundary pollution: A contingent valuation (CV) study on the Xijiang River drainage basin in south China," China Economic Review, Elsevier, vol. 36(C), pages 101-130.
    7. Fooks, Jacob R. & Messer, Kent D. & Duke, Joshua M. & Johnson, Janet B. & Parsons, George R., 2017. "Continuous attribute values in a simulation environment: Offshore energy production and Mid-Atlantic beach visitation," Energy Policy, Elsevier, vol. 110(C), pages 288-302.

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