TURNBULL: Stata module to estimate the Turnbull empirical distribution estimator of willingness to pay
Abstractturnbull estimates the Turnbull empirical distribution estimator of willingness to pay proposed by Carson et al (1994a,b). Haab and McConnell (1997) argue that this estimator solves the problem of estimating negative willingness to pay without resorting to ad hoc distribution assumptions, and show that central tendency measures of willingness to pay from parametric models are sensitive to the assumed distribution, while the lower bound Turnbull estimate is robust across distributions.
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Bibliographic InfoSoftware component provided by Boston College Department of Economics in its series Statistical Software Components with number S457125.
Programming language: Stata
Requires: Stata version 8.0
Date of creation: 19 Feb 2010
Date of revision:
Note: This module should be installed from within Stata by typing "ssc install turnbull". Windows users should not attempt to download these files with a web browser.
Contact details of provider:
Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
Web page: http://fmwww.bc.edu/EC/
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