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approaches require less stringent distributional hypotheses. As shown by Smith (2003), copulas allow great flexibility also in …
Persistent link: https://www.econbiz.de/10011324951
approaches require less stringent distributional hypotheses. As shown by Smith (2003), copulas allow great flexibility also in …
Persistent link: https://www.econbiz.de/10011602875
approaches require less stringent distributional hypotheses. As shown by Smith (2003), copulas allow great flexibility also in …
Persistent link: https://www.econbiz.de/10005049505
When modelling data generated from a discrete choice contingent valuation question, the treatment of zero bids affects the welfare estimates. Zero bids may come from respondents who are not interested in the provision of the public good; alternatively, some zero-bidders may be protesting about...
Persistent link: https://www.econbiz.de/10011608619
Respondents of contingent valuation surveys may place a null value on the public good, for reasons that differ from a genuine indifference to the good, but that can be interpreted as a "protest": either against the interview, or the public management, or both. A good survey design can...
Persistent link: https://www.econbiz.de/10011608519
Selectivity bias caused by protest responses in Contingent Valuation studies can be detected and corrected by means of sample selection models. This paper compares two methods: the Heckman 2-steps method and the full ML, applied to data on forest recreation - where WTP is elicited as a...
Persistent link: https://www.econbiz.de/10011608859
approaches require less stringent distributional hypotheses. As shown by Smith (2003), copulas allow great flexibility also in …
Persistent link: https://www.econbiz.de/10014071750
The aim of the paper is twofold: to carry out a contingent valuation study of "Napoli Musei Aperti", a cultural public good provided by the city of Naples, and to explore some alternative schemes of cultural policy. The paper is divided in two parts. In the first one some results from the...
Persistent link: https://www.econbiz.de/10011608422
The Dichotomous Choice Contingent Valuation Method can be used either in the single or double bound formulation. The former is easier to implement, while the latter is known to be more efficient. We analyse the bias of the ML estimates produced by either model, and the gain in efficiency...
Persistent link: https://www.econbiz.de/10011608474
I derive the marginal value of a public good in multiperson households, measured alternatively by one household member’s willingness to pay (WTP) for the good on behalf of the household, or by the sum of individual WTP values across family members. Households are assumed to allocate their...
Persistent link: https://www.econbiz.de/10010284356