Contingent valuation and contingent rating and ranking methods for measuring willingness-to-pay for non-market goods are compared by using random coefficient models and data pooling methods. Pooled models on CV data and CR data on the preferred choice accept pooling if scale differences between the model estimates of CV and CR methods are allowed for. More detailed response models, such as pooled CV model and rank-ordered models for two or three ranks, reject pooling of the data.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number
20616.
Length: Date of creation: 2001 Date of revision: Handle: RePEc:ags:aaea01:20616
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