SINGLEB: Stata module to compute Contingent Valuation using Single-Bounded Dichotomous Choice
AbstractThis command uses maximum likelihood (under the assumption of normality) to estimate the single-bounded dichotomous choice model for contingent valuation (Cameron and James, 1987). This command provides an alternative to the estimation via probit. The main advantage of this procedure is that we directly obtain point estimates (and standard errors) for the marginal effects of a change in the explanatory variable on the WTP.
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Bibliographic InfoSoftware component provided by Boston College Department of Economics in its series Statistical Software Components with number S457298.
Programming language: Stata
Requires: Stata version 10.1
Date of creation: 29 Jun 2011
Date of revision: 05 Oct 2011
Note: This module should be installed from within Stata by typing "ssc install singleb". 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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For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F Baum).
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