Validation of empirical measures of welfare change: comment
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.
|Date of creation:||1988|
|Date of revision:|
|Publication status:||Published in Land Economics 1.64(1988): pp. 94-98|
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