Optimal Designs of Discrete Response Experiments in Contingent Valuation Studies
AbstractOptimal 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 InfoArticle provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 74 (1992)
Issue (Month): 3 (August)
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