Contingent Valuation- Analysis of Interval Open-Ended Data

Cecilia Håkansson; Cecilia Håkansson

Contingent Valuation- Analysis of Interval Open-Ended Data

Cecilia Håkansson
, Cecilia Håkansson (Editor)

Publication: Book/Report/Proceedings › Report › Research

Abstract

This paper presents an approach to estimate willingness to pay distributions when respondents are allowed to state their valuations as an open-ended interval rather than as a point. It is argued that asking about an interval has several advantages compared to traditional valuation questions; it captures potential valuation uncertainty, gives a higher response rate, and above all, it gives a richer set of information about individuals preferences

Original language	English
Publisher	Institutionen för Skogsekonomi
Number of pages	22
Publication status	Published - 2005

Keywords

classical and interval open-ended question
contingent valuation
middle censored data
survival analysis
valuation uncertainty

Cite this

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KW - middle censored data

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KW - contingent valuation

KW - middle censored data

KW - survival analysis

KW - valuation uncertainty

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Contingent Valuation- Analysis of Interval Open-Ended Data

Abstract

Keywords

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