Skip to main content

Precision of dichotomous choice contingent valuation welfare measures: some simulation results

Buy Article:

$47.00 plus tax (Refund Policy)

The purpose of this research is to examine the roles of individuals' heterogeneous economic factors and model misspecification in dichotomous choice contingent valuation welfare measurement. Willingness to pay for an improvement of environmental quality is studied. Simulation results indicate that the precision of welfare estimates increases with individuals' income levels and decreases with the price of the quality-related good. The dependence of the consumption of the quality-related good on the environmental quality also affects the reliability of welfare estimates.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Document Type: Research Article

Publication date: 2001-01-15

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more