Bohara, Alok; Kerkvliet, Joe; Berrens, Robert - In: Environmental & Resource Economics 20 (2001) 3, pp. 173-195
This paper has four purposes. First, we outline the controversy surroundingthe issue of negative willingness to pay (WTP)in contingent valuation (CV) studies. Second,we use Monte Carlo simulation to examine theperformance of alternative distributionalassumptions in estimating WTP in the...