Catalogo Articoli (Spogli Riviste)

OPAC HELP

Titolo:
Addressing negative willingness to pay in dichotomous choice contingent valuation
Autore:
Bohara, AK; Kerkvliet, J; Berrens, RP;
Indirizzi:
Univ New Mexico, Dept Econ, Albuquerque, NM 87131 USA Univ New Mexico Albuquerque NM USA 87131 Econ, Albuquerque, NM 87131 USA Oregon State Univ, Dept Econ, Corvallis, OR 97331 USA Oregon State Univ Corvallis OR USA 97331 pt Econ, Corvallis, OR 97331 USA
Titolo Testata:
ENVIRONMENTAL & RESOURCE ECONOMICS
fascicolo: 3, volume: 20, anno: 2001,
pagine: 173 - 195
SICI:
0924-6460(200111)20:3<173:ANWTPI>2.0.ZU;2-Y
Fonte:
ISI
Lingua:
ENG
Soggetto:
INCORPORATING RESPONDENT UNCERTAINTY; FOLLOW-UP QUESTIONNAIRE; TO-PAY; REFERENDUM MODELS; RESOURCE; DESIGN;
Keywords:
contingent valuation; Monte Carlo simulation; negative willingness to pay;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
38
Recensione:
Indirizzi per estratti:
Indirizzo: Bohara, AK Univ New Mexico, Dept Econ, Albuquerque, NM 87131 USA Univ New Mexico Albuquerque NM USA 87131 querque, NM 87131 USA
Citazione:
A.K. Bohara et al., "Addressing negative willingness to pay in dichotomous choice contingent valuation", ENVIRON R E, 20(3), 2001, pp. 173-195

Abstract

This paper has four purposes. First, we outline the controversy surrounding the issue of negative willingness to pay (WTP) in contingent valuation (CV) studies. Second, we use Monte Carlo simulation to examine the performance of alternative distributional assumptions in estimating WTP in the presence of varying proportions of the population holding negative WTP values. Wefocus on dichotomous choice CV (DC-CV), where negative WTP values may be especially difficult to detect. Third, we extend the simulation to investigate the performance of the mixture models that have recently been proposed for handling/identifying non-positive WTP values. Fourth, we extend the simulation to investigate the performance of the nonparametric lower bound Turnbull approach. Results indicate that the relative performance of the DC-CV modeling alternatives evaluated here, which assume positive WTP, varies across the simulation setting (e.g., proportion of negative WTP); but none canbe said to reasonably ``solve'' the problem ex post. This underscores the importance of ex ante efforts to identify if negative WTP is likely to be prominent in a given valuation setting. In such cases, appropriately handling negative WTP must be addressed through ex ante survey design and modelingchoices that allow negative WTP.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 15/07/20 alle ore 08:14:05