Model selection in iterative valuation questions

In this article, we propose a unified framework that accomodates many of the existing models for dichotomous choice contingent valuation with follow-up and allows to discriminate between them by simple parametric tests of hypothese. Our empirical results show that the Range model, developped in Flachaire and Hollard (2007}, utperforms other standard models and confirms that, when uncertain, respondents tend to accept proposed bids.

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Year of publication:	2007
Authors:	Flachaire, Emmanuel ; Hollard, Guillaume
Institutions:	HAL
Subject:	starting point bias \| preference uncertainty \| contingent valuation

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00176033 Published, Revue d'Economie Politique, 2007, 117, 5, 853-865
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010750907