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A Mixture Model of Willingness to Pay Distributions

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Author Info

  • Mark Yuying An

    (Duke Uniersity)

  • Roberto Ayala

    (Central Bank, Ecuador)

Abstract

In this paper we propose a mixture model of willingness to pay distributions for contingent valuation studies. By allowing a point mass at zero, this model nests the conventional model as a special case. We discuss both parametric and non- parametric estimations of the mixture model. We consider estimation under two different data information settings for a double bounded dichotomous choice format. The implications of the mixture model in the estimation of the mean and the median of the distribution are presented.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Paper provided by EconWPA in its series Econometrics with number 9611002.

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Length: 30 pages
Date of creation: 17 Nov 1996
Date of revision:
Handle: RePEc:wpa:wuwpem:9611002

Note: Type of Document - ; prepared on UNIX Sparc TeX; to print on PostScript; pages: 30 ; figures: request from author. We never published this piece and now we would like to reduce our mailing and xerox cost by posting it.
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Related research

Keywords: Mixture Model; Contingent valuation; Zero Willingness to Pay;

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References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Hanemann, W. Michael, 1985. "Some Issues In Continuous - And Discrete - Response Contingent Valuation Studies," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 14(1), April.
  2. An, Mark Yuying & Ayala, Roberto A., 1996. "Nonparametric Estimation of a Survivor Function with Across-Interval-Censored Data," Working Papers 96-02, Duke University, Department of Economics.
  3. Smith, V. Kerry, 1985. "Some Issues In Discrete Response Contingent Valuation Studies," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 14(1), April.
  4. An, Mark Y. & Roberto Ayala, 1995. "A Mixture Model of Willingness to Pay Distributions," Working Papers 95-21, Duke University, Department of Economics.
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Citations

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Cited by:
  1. An, Mark Yuying & Ayala, Roberto A., 1996. "Nonparametric Estimation of a Survivor Function with Across-Interval-Censored Data," Working Papers 96-02, Duke University, Department of Economics.
  2. Ramkishen S. Rejan, 1998. "The Currency And Financial Crisis In Southeast Asia - A Case Of `Sudden Deathã¢Â‚¬Â„¢ Or `Death Foretoldã¢Â‚¬Â„¢," Macroeconomics Working Papers 22381, East Asian Bureau of Economic Research.
  3. Mark Yuying An, 1996. "Semiparametric Estimation of Willingness to Pay Distributions," Econometrics 9611001, EconWPA.
  4. Elisabetta Strazzera & Margarita Genius & Riccardo Scarpa & George Hutchinson, 2003. "The Effect of Protest Votes on the Estimates of WTP for Use Values of Recreational Sites," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 25(4), pages 461-476, August.
  5. Akcura, E., 2011. "Information Effects in Valuation of Electricity and Water Service Attributes Using Contingent Valuation," Cambridge Working Papers in Economics 1156, Faculty of Economics, University of Cambridge.
  6. Timothy C. Haab & Kenneth E. McConnell, . "Intuitive Bounds on Willingness to Pay," Working Papers 9609, East Carolina University, Department of Economics.
  7. Timothy C. Haab, . "Indifference or Misspecification? The Distributional Impact of Indifference on Dichotomous Choice Contingent Valuation," Working Papers 9714, East Carolina University, Department of Economics.
  8. Madureira, Lívia & Nunes, Luis C. & Borges, José G. & Falcão, André O., 2011. "Assessing forest management strategies using a contingent valuation approach and advanced visualisation techniques: A Portuguese case study," Journal of Forest Economics, Elsevier, vol. 17(4), pages 399-414.
  9. Mark Yuying An & Roberto Ayala, 1996. "A Mixture Model of Willingness to Pay Distributions," Econometrics 9611002, EconWPA.
  10. Laura Nahuelhual-Muñoz & Maria Loureiro & John Loomis, 2004. "Addressing Heterogeneous Preferences Using Parametric Extended Spike Models," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 27(3), pages 297-311, March.
  11. Timothy Haab, 1999. "Nonparticipation or Misspecification? The Impacts of Nonparticipation on Dichotomous Choice Contingent Valuation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 14(4), pages 443-461, December.
  12. Hu, Wuyang, 2006. "Use of Spike Models in Measuring Consumers' Willingness to Pay for Non-GM Oil," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 38(03), December.
  13. 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.
  14. Kaneko, Naoya & Chern, Wen S., 2003. "Consumer Acceptance Of Genetically Modified Foods: A Telephone Survey," 2003 Annual meeting, July 27-30, Montreal, Canada 21999, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  15. Timothy C. Haab & Kenneth E. McConnell, . "Referendum Models and Negative Willingness to Pay: Alternative Solutions," Working Papers 9610, East Carolina University, Department of Economics.
  16. Cicia, Gianni & D'Ercole, Elisabetta & Marino, Davide, 2003. "Costs and benefits of preserving farm animal genetic resources from extinction: CVM and Bio-economic model for valuing a conservation program for the Italian Pentro horse," Ecological Economics, Elsevier, vol. 45(3), pages 445-459, July.
  17. Elisabetta Strazzera & Riccardo Scarpa & Pinuccia Calia & Guy Garrod & Kenneth Willis, 2003. "Modelling zero values and protest responses in contingent valuation surveys," Applied Economics, Taylor and Francis Journals, vol. 35(2), pages 133-138.
  18. Abay Asfaw & Joachim Braun, 2005. "Innovations in Health Care Financing: New Evidence on the Prospect of Community Health Insurance Schemes in the Rural Areas of Ethiopia," International Journal of Health Care Finance and Economics, Springer, vol. 5(3), pages 241-253, September.

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