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Introduction to contingent valuation using Stata

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  • Alejandro López-Feldman

    (CIDE)

Abstract

Cost-benefit analysis is a key input for the ex-ante evaluation of public projects and policies. An ideal cost-benefit analysis incorporates all the social costs and benefits of a project for all members of a society. One of the big challenges to achieve this is the need to place monetary values on nonmarketed goods and services. The objective of the presentation is to provide the audience with the basic tools to obtain estimates of willingness to pay from a contingent valuation survey using Stata. The use of the user-written commands singleb and doubleb is illustrated.

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File URL: http://fmwww.bc.edu/repec/msug2013/AlejandroLF.pdf
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Paper provided by Stata Users Group in its series Mexican Stata Users' Group Meetings 2013 with number 12.

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Date of creation: 13 May 2013
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Handle: RePEc:boc:msug13:12

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Web page: http://www.stata.com/meeting/mexico13
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  1. Loomis, John & Kent, Paula & Strange, Liz & Fausch, Kurt & Covich, Alan, 2000. "Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey," Ecological Economics, Elsevier, vol. 33(1), pages 103-117, April.
  2. Dale Whittington, 2007. "Improving the Performance of Contingent Valuation Studies in Developing Countries," EEPSEA Special and Technical Paper sp200709s1, Economy and Environment Program for Southeast Asia (EEPSEA), revised Sep 2007.
  3. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
  4. Trudy Ann Cameron & John Quiggin, 1992. "Estimation Using Contingent Valuation Data From a "Dichotomous Choice with Follow-Up" Questionnaire," UCLA Economics Working Papers 653, UCLA Department of Economics.
  5. Richard Carson & Robert Mitchell & Michael Hanemann & Raymond Kopp & Stanley Presser & Paul Ruud, 2003. "Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 25(3), pages 257-286, July.
  6. Nunes, Paulo A. L. D. & Schokkaert, Erik, 2003. "Identifying the warm glow effect in contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 45(2), pages 231-245, March.
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