IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/31237.html
   My bibliography  Save this paper

Validation of empirical measures of welfare change: comment

Author

Listed:
  • Boyle, Kevin J.
  • Welsh, Michael P.
  • Bishop, Richard C.

Abstract

In an excellent article from a recent issue of this journal, Sellar, Stoll and Chavas (1985) make a technical error which causes them to misstate their closed-ended estimates of willingness to pay. Truncation of the estimated cummulative distribution function must we made explicit in compution of willingness to pay.

Suggested Citation

  • Boyle, Kevin J. & Welsh, Michael P. & Bishop, Richard C., 1988. "Validation of empirical measures of welfare change: comment," MPRA Paper 31237, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:31237
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/31237/1/MPRA_paper_31237.pdf
    File Function: original version
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cooper, Joseph C., 2002. "Flexible Functional Form Estimation of Willingness to Pay Using Dichotomous Choice Data," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 267-279, March.
    2. Kim, Sooil, 2006. "Bias and Efficiency of Uniform Bid Design in Contingent Valuation," 2006 Annual meeting, July 23-26, Long Beach, CA 21335, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Kline, Jeffrey D. & Alig, Ralph J. & Johnson, Rebecca L., 2000. "Forest owner incentives to protect riparian habitat," Ecological Economics, Elsevier, vol. 33(1), pages 29-43, April.
    4. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489, April.
    5. Carmelo Javier León, 1995. "El método dicotómico de valoración contingente: una aplicación a los espacios naturales en Gran Canaria," Investigaciones Economicas, Fundación SEPI, vol. 19(1), pages 83-106, January.
    6. Bateman, Ian J. & Brouwer, Roy, 2006. "Consistency and construction in stated WTP for health risk reductions: A novel scope-sensitivity test," Resource and Energy Economics, Elsevier, vol. 28(3), pages 199-214, August.
    7. Tilahun, Mesfin & Mathijs, Erik & Muys, Bart & Vranken, Liesbet & Deckers, Jozef A. & Gebregziabher, Kidanemariam & Gebrehiwot, Kindeya & Bauer, Hans, 2011. "Contingent valuation analysis of rural households’ willingness to pay for frankincense forest conservation," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 116085, European Association of Agricultural Economists.
    8. Johannes Diederich & Timo Goeschl, 2014. "Willingness to Pay for Voluntary Climate Action and Its Determinants: Field-Experimental Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(3), pages 405-429, March.
    9. Hurle, Jesus Barreiro & Garcia, Jose Maria Casada & Perez y Perez, Luis, 2005. "Incorporating Uncertainty and Cero Values into the Valuation of Protected Areas and Species," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24745, European Association of Agricultural Economists.
    10. Sonia Akter & Jeff Bennett, 2011. "Household perceptions of climate change and preferences for mitigation action: the case of the Carbon Pollution Reduction Scheme in Australia," Climatic Change, Springer, vol. 109(3), pages 417-436, December.
    11. Langford, Ian H. & Bateman, Ian J., 1996. "Elicitation and truncation effects in contingent valuation studies," Ecological Economics, Elsevier, vol. 19(3), pages 265-267, December.
    12. Lucinio Júdez & Rosario De Andrés & Carlos Pérez Hugalde & Elvira Urzainqui & Miguel Ibáñez, 1998. "Évaluation contingente de l’usage récréatif d’une réserve naturelle humide," Post-Print hal-01200908, HAL.
    13. Júdez, Lucinio & de Andrés, Rosario & Pérez Hugalde, Carlos & Urzainqui, Elvira & Ibáñez, Miguel, 1998. "Évaluation contingente de l’usage récréatif d’une réserve naturelle humide," Cahiers d'Economie et de Sociologie Rurales (CESR), INRA (French National Institute for Agricultural Research), vol. 48.
    14. Rhee, Hae-Chun & Lee, Kyu-yong & Cho, Joonmo, 2005. "Liberalizing employment of foreign workers in Korea: Public perception and assessment," Journal of Policy Modeling, Elsevier, vol. 27(8), pages 971-987, November.
    15. Timothy C. Haab & Kenneth E. McConnell, "undated". "Intuitive Bounds on Willingness to Pay," Working Papers 9609, East Carolina University, Department of Economics.
    16. Teasley, R. Jeff & Bergstrom, John C. & Cordell, H. Ken, 1994. "Estimating Revenue-Capture Potential Associated With Public Area Recreation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(01), July.
    17. Tilahun, Mesfin & Vranken, Liesbet & Muys, Bart & Deckers, Jozef A. & Gebregziabher, Kidanemariam & Gebrehiwot, Kindeya & Bauer, Hans & Mathijs, Erik, 2012. "Rural Households’ Demand for Frankincense Forest Conservation in Tigray: A Continent Valuation Analysis," Working Papers 146520, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    18. Kerr, Geoffrey N., 2000. "Dichotomous choice contingent valuation probability distributions," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(2), June.
    19. Boyle, Kevin J., 1990. "Dichotomous-Choice, Contingent-Valuation Questions: Functional Form Is Important," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(2), October.
    20. Kniivilä, Matleena & Ovaskainen, Ville & Saastamoinen, Olli & Kniivilä, Matleena, 2002. "Costs and benefits of forest conservation: regional and local comparisons in Eastern Finland," Journal of Forest Economics, Elsevier, vol. 8(2), pages 131-150.
    21. Lucinio Júdez & de Rosario Andrés & Carlos Pérez Hugalde & Elvira Urzainqui & Miguel Ibáñez, 1998. "Évaluation contingente de l’usage récréatif d’une réserve naturelle humide," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 48, pages 37-60.
    22. He, Senhui & Jordan, Jeffrey L. & Florkowski, Wojciech J., 2003. "Income Reminder And The Divergence Between Willingness-To-Pay Estimates Associated With Dichotomous Choice And Open-Ended Elicitation Formats," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35193, Southern Agricultural Economics Association.

    More about this item

    Keywords

    nonmarket valuation; contingent valuation; stated preferences; welfare evaluation; willingness to pay;

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:31237. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.