A Comparison of Approaches to Calculating Confidence Intervals for Benefit Measures from Dichotomous Choice Contingent Valuation Surveys
AbstractThis paper compares the performance of four approaches to calculating confidence intervals around dichotomous choice contingent valuation method (DC CVM) benefit estimates. The performance of the approaches is compared using Monte Carlo simulation techniques for the two most common specifications for the welfare estimate. The results indicate that all four methods tended to perform well on average but the methods differed in the frequency with which they performed well. The results indicate the best choice depends on the sample size, on the distribution of the welfare estimate, and on the choice of functional form for the welfare estimate.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 70 (1994)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://le.uwpress.org/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Bateman, Ian J. & Langford, Ian H. & Jones, Andrew P. & Kerr, Geoffrey N., 2001. "Bound and path effects in double and triple bounded dichotomous choice contingent valuation," Resource and Energy Economics, Elsevier, vol. 23(3), pages 191-213, July.
- John C. Whitehead & Glenn C. Blomquist & Richard C. Ready & Ju-Chin Huang, .
"Construct Validity of Dichotomous and Polychotomous Choice Contingent Valuation Questions,"
9612, East Carolina University, Department of Economics.
- John Whitehead & Ju-Chin Huang & Glenn Blomquist & Richard Ready, 1998. "Construct Validity of Dichotomous and Polychotomous Choice Contingent Valuation Questions," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(1), pages 107-116, January.
- Samnaliev, Mihail & Stevens, Thomas H. & More, Thomas, 2006. "A comparison of alternative certainty calibration techniques in contingent valuation," Ecological Economics, Elsevier, vol. 57(3), pages 507-519, May.
- Cooper, Joseph C., 2002. "Flexible Functional Form Estimation of Willingness to Pay Using Dichotomous Choice Data," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 267-279, March.
- Timothy C. Haab, . "A Utility Based Repeated Discrete Choice Model of Consumer Demand," Working Papers 9611, East Carolina University, Department of Economics.
- Crutchfield, Stephen R. & Cooper, Joseph C. & Hellerstein, Daniel, 1997. "Benefits of Safer Drinking Water: The Value of Nitrate Reduction," Agricultural Economics Reports 34025, United States Department of Agriculture, Economic Research Service.
- Michael Ahlheim & Oliver Frör & Ulrike Lehr & Gerhard Wagenhals & Ursula Wolf, 2004. "Contingent Valuation of Mining Land Reclamation in East Germany," Diskussionspapiere aus dem Institut fÃ¼r Volkswirtschaftslehre der UniversitÃ¤t Hohenheim 245/2004, Department of Economics, University of Hohenheim, Germany.
- Kataria, Mitesh, 2009. "Willingness to pay for environmental improvements in hydropower regulated rivers," Energy Economics, Elsevier, vol. 31(1), pages 69-76, January.
- Kline, Jeffrey D. & Alig, Ralph J. & Johnson, Rebecca L., 2000. "Forest owner incentives to protect riparian habitat," Ecological Economics, Elsevier, vol. 33(1), pages 29-43, April.
- P. Calia & E. Strazzera, 1998.
"Bias and efficiency of single vs. double bound models for contingent valuation studies: a Monte Carlo Analysis,"
Working Paper CRENoS
199801, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Pinuccia Calia & Elisabetta Strazzera, 1999. "Bias and Efficiency of Single vs Double Bound Models for Contingent Valuation Studies.A Monte Carlo Analysis," Working Papers 1999.10, Fondazione Eni Enrico Mattei.
- Moran, D., 1997. "Investing in biological diversity: economic valuation and priorities for development," Open Access publications from University College London http://discovery.ucl.ac.u, University College London.
- Powe, N. A. & Bateman, I. J., 2003. "Ordering effects in nested 'top-down' and 'bottom-up' contingent valuation designs," Ecological Economics, Elsevier, vol. 45(2), pages 255-270, June.
- Andy Choi, 2009. "Willingness to pay: how stable are the estimates?," Journal of Cultural Economics, Springer, vol. 33(4), pages 301-310, November.
- Bandara, Ranjith & Tisdell, Clement A., 2003.
"The Net Benefit of Saving the Asian Elephant: A Policy and Contingent Valuation Study,"
Economics, Ecology and Environment Working Papers
48968, University of Queensland, School of Economics.
- Bandara, Ranjith & Tisdell, Clem, 2004. "The net benefit of saving the Asian elephant: a policy and contingent valuation study," Ecological Economics, Elsevier, vol. 48(1), pages 93-107, January.
- Keith, John E. & Fawson, Christopher & Johnson, Van, 1996. "Preservation or use A contingent valuation study of wilderness designation in Utah," Ecological Economics, Elsevier, vol. 18(3), pages 207-214, September.
- English, Donald B.K., 2000. "A Simple Procedure for Generating Confidence Intervals in Tourist Spending Profiles and Resulting Economic Impacts," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 30(1).
- Ioanna Fanariotu & Dimitris Skuras, 2004. "The Contribution of Scenic Beauty Indicators in Estimating Environmental Welfare Measures: A Case Study," Social Indicators Research, Springer, vol. 65(2), pages 145-165, January.
- Bandara, Ranjith & Tisdell, Clement A., 2003. "Willingness of Sri Lankan Farmers to pay for a Scheme to Conserve Elephants: An Empirical Analysis," Economics, Ecology and Environment Working Papers 48954, University of Queensland, School of Economics.
- Riccardo Scarpa & Kenneth Willis & Guy Garrod, 2001. "Estimating Benefits for Effective Enforcement of Speed Reduction from Dichotomous-Choice CV," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 20(4), pages 281-304, December.
- Blomquist, Glenn C. & Whitehead, John C., 1998. "Resource quality information and validity of willingness to pay in contingent valuation," Resource and Energy Economics, Elsevier, vol. 20(2), pages 179-196, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.