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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.

Suggested Citation

  • Alejandro López-Feldman, 2013. "Introduction to contingent valuation using Stata," Mexican Stata Users' Group Meetings 2013 12, Stata Users Group.
  • Handle: RePEc:boc:msug13:12
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    File URL: http://fmwww.bc.edu/repec/msug2013/AlejandroLF.pdf
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    References listed on IDEAS

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    1. D. S. Prasada Rao & Bart van Ark, 2013. "Introduction," Chapters,in: World Economic Performance, chapter 1, pages 1-6 Edward Elgar Publishing.
    2. P. R. Kumaraswamy, 2013. "Introduction," China Report, , vol. 49(1), pages 1-3, February.
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    4. Cameron Trudy Ann & Quiggin John, 1994. "Estimation Using Contingent Valuation Data from a Dichotomous Choice with Follow-Up Questionnaire," Journal of Environmental Economics and Management, Elsevier, vol. 27(3), pages 218-234, November.
    5. 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.
    6. 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.
    7. Dale Whittington, 2002. "Improving the Performance of Contingent Valuation Studies in Developing Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(1), pages 323-367, June.
    8. 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.
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    Cited by:

    1. Sun, Chuanwang & Zhu, Xiting, 2014. "Evaluating the public perceptions of nuclear power in China: Evidence from a contingent valuation survey," Energy Policy, Elsevier, vol. 69(C), pages 397-405.
    2. Rihar, Miha & Hrovatin, Nevenka & Zoric, Jelena, 2015. "Household valuation of smart-home functionalities in Slovenia," Utilities Policy, Elsevier, vol. 33(C), pages 42-53.
    3. Sun, Chuanwang & Zhu, Xiting & Meng, Xiaochun, 2016. "Post-Fukushima public acceptance on resuming the nuclear power program in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 685-694.
    4. Jin, Jing & Wailes, Eric & Dixon, Bruce & Nayga, Rodolfo M. Jr. & Zheng, Zhihao, 2014. "Consumer Acceptance and Willingness to Pay for Genetically Modified Rice in China," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170503, Agricultural and Applied Economics Association.
    5. Jan Ostermann & Derek Brown & Axel Mühlbacher & Bernard Njau & Nathan Thielman, 2015. "Would you test for 5000 Shillings? HIV risk and willingness to accept HIV testing in Tanzania," Health Economics Review, Springer, vol. 5(1), pages 1-11, December.
    6. repec:ura:ecregj:v:1:y:2018:i:1:p:216-226 is not listed on IDEAS
    7. Sidrat Asim & Heman D. Lohano, 2015. "Households’ Willingness to Pay for Improved Tap Water Services in Karachi, Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 507-526.
    8. Chiara Mazzocchi & Guido Sali, 2016. "Sustainability and Competitiveness of Agriculture in Mountain Areas: A Willingness to Pay (WTP) Approach," Sustainability, MDPI, Open Access Journal, vol. 8(4), pages 1-13, April.
    9. repec:aen:journl:ej38-4-oseni is not listed on IDEAS
    10. Chung, Yi-Shih & Chiou, Yu-Chiun, 2017. "Willingness-to-pay for a bus fare reform: A contingent valuation approach with multiple bound dichotomous choices," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 289-304.
    11. Cristeche, Estela & Tello, Diego & de Prada, Jorge & Brescia, Victor, 2015. "Contigent Valuation with Multiple Bounded Format and Uncertainty Response of a Rural Land Zoning Program in the South of Cordoba Province, Argentina," 2015 Conference, August 9-14, 2015, Milan, Italy 211551, International Association of Agricultural Economists.

    More about this item

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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