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Optimal Designs of Discrete Response Experiments in Contingent Valuation Studies

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  • Nyquist, Hans
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    Abstract

    Optimal designs for estimating model parameters and other characteristics such as mean and median willingness-to-pay are discussed.when a logistic or a probit regression model is used for analyzing a contingent valuation study with discrete questions. A numerical example, related to a study of the value of preserving some virgin forests in Sweden, illustrates the efficiencies of different designs and how a sequential procedure can be applied. Copyright 1992 by MIT Press.

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    Bibliographic Info

    Article provided by MIT Press in its journal Review of Economics & Statistics.

    Volume (Year): 74 (1992)
    Issue (Month): 3 (August)
    Pages: 559-63

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    Handle: RePEc:tpr:restat:v:74:y:1992:i:3:p:559-63

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    Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535

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    Cited by:
    1. Michaël Schwarzinger & Fabrice Carrat & Stéphane Luchini, 2009. ""If you have the flu symptoms, your asymptomatic spouse may better answer the willingness-to-pay question". Evidence from a double-bounded dichotomous choice model with heterogeneous anchori," Post-Print inserm-00636179, HAL.
    2. Danny Campbell & W. George Hutchinson & Riccardo Scarpa, 2006. "Lexicographic Preferences in Discrete Choice Experiments: Consequences on Individual-Specific Willingness to Pay Estimates," Working Papers 2006.128, Fondazione Eni Enrico Mattei.
    3. Philip M. Clarke, 2002. "Testing the convergent validity of the contingent valuation and travel cost methods in valuing the benefits of health care," Health Economics, John Wiley & Sons, Ltd., vol. 11(2), pages 117-127.
    4. Schwarzinger, Michaël & Carrat, Fabrice & Luchini, Stéphane, 2009. ""If you have the flu symptoms, your asymptomatic spouse may better answer the willingness-to-pay question": Evidence from a double-bounded dichotomous choice model with heterogeneous anchori," Journal of Health Economics, Elsevier, vol. 28(4), pages 873-884, July.
    5. Silvia Ferrini & Riccardo Scarpa, 2005. "Experimental Designs for Environmental Valuation with Choice-Experiments: A Monte-Carlo Investigation," Working Papers in Economics 05/08, University of Waikato, Department of Economics.
    6. John R. Crooker & Aju J. Fenn, 2008. "Estimating Local Welfare Generated by a Professional Sports Team: An Application to the Minnesota Vikings under Threat of Relocation," Working Papers 0805, University of Central Missouri, Department of Economics & Finance, revised May 2008.
    7. Abay Asfaw & Joachim Braun, 2005. "Innovations in Health Care Financing: New Evidence on the Prospect of Community Health Insurance Schemes in the Rural Areas of Ethiopia," International Journal of Health Care Finance and Economics, Springer, vol. 5(3), pages 241-253, September.
    8. Kim, Sooil, 2006. "Bias and Efficiency of Uniform Bid Design in Contingent Valuation," 2006 Annual meeting, July 23-26, Long Beach, CA 21335, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Eul�lia Dalmau-Matarrodona, 2001. "Alternative approaches to obtain optimal bid values in contingent valuation studies and to model protest zeros. Estimating the determinants of individuals' willingness to pay for home care services in," Health Economics, John Wiley & Sons, Ltd., vol. 10(2), pages 101-118.
    10. Christine A. Kennedy, 2002. "Revealed preference valuation compared to contingent valuation: radon-induced lung cancer prevention," Health Economics, John Wiley & Sons, Ltd., vol. 11(7), pages 585-598.

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