Monte Carlo benchmarks for discrete response valuation methods

Land Economics

Volumn 74, Issue 2, 1998, Pages 186-202

  Huang, Ju Chin ^a   Smith, V Kerry ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

CONTINGENT VALUATION; ENVIRONMENTAL ECONOMICS; MONTE CARLO SIMULATION; WILLINGNESS TO PAY;

EID: 0345055301     PISSN: 00237639     EISSN: None     Source Type: Journal    
DOI: 10.2307/3147050     Document Type: Article

References (35)

1. Balistreri, Edward, Gary McClelland, Gregory Poe, and William Schulze. 1996. "Can Hypothetical Questions Reveal True Values? A Laboratory Comparison of Dichotomous Choice and Open-Ended Contingent Valuation With Auction Values." Department of Agricultural, Resource and Managerial Economics, Cornell University, November.
2. Bockstael, Nancy B., and Ivar E. Strand, Jr. 1987. "The Effect of Common Sources of Regression Error on Benefit Estimates." Land Economics 13 (Feb.):11-20.
3. Boyle, Kevin J., and Richard C. Bishop. 1988. "Welfare Measurements Using Contingent Valuation: A Comparison of Techniques." American Journal of Agricultural Economics 70 (Feb.):20-28.
4. Boyle, Kevin J., F. Reed Johnson, David M. McCollum, William H. Desvousges, Richard W. Dunford, and Sara P. Hudson. 1996. "Valuing Public Goods: Discrete versus Continuous Contingent Valuation Responses." Land Economics 72 (Aug.):318-96.
5. Boyle, Kevin J., Hugh F. MacDonald, Hseang-tai Cheng, and Daniel W. McCollum. Forthcoming. "Bid Design and Yea Saying in Single Bounded, Dichotomous-Choice Questions." American Journal of Agricultural Economics.
6. Cameron, Trudy A. 1988. "A New Paradigm for Valuing Non-Market Goods Using Referendum Data: Maximum Likelihood Estimation of Censored Logistic Regression." Journal of Environmental Economics and Management 15 (Sept.):355-79.
7. _. 1992. "Combining Contingent Valuation and Travel Cost Data for the Valuation of Nonmarket Goods." Land Economics 68 (Aug.):302-17.
8. Cameron, Trudy A., and David D. Huppert. 1991. "Referendum Contingent Valuation Estimates: Sensitivity to the Assignment of Offered Values." Journal of the American Statistical Association 86 (416):910-18.
9. Cropper, Maureen L., Leland Deck, and Kenneth E. McConnell. 1988. "On the Choice of Functional Form for Hedonic Price Functions." Review of Economics and Statistics 70 (Nov.): 668-75.
10. Cummings, Ronald G., Steven Elliott, Glenn W. Harrison, and James Murphy. 1997. "Are Hypothetical Referenda Incentive Compatible?" Journal of Political Economy 105 (June):609-21.
11. Cummings, Ronald G., Glenn W. Harrison, and Laura L. Osborne. 1995. "Can the Bias of Contingent Valuation be Reduced? Evidence from the Laboratory." Economics Working Paper B-95-03, University of South Carolina.
12. Goldberger, Arthur S. 1968. "The Interpretation and Estimation of Cobb Douglas Functions." Econometrica 36 (July-Oct.):464-72.
13. Haab, Timothy C., and Kenneth E. McConnell. 1997. "Referendum Models and Negative Willingness to Pay: Alternative Solutions." Journal of Environmental Economics and Management 32 (Feb.):251-70.
14. Hanemann, W. Michael. 1984. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses." American Journal of Agricultural Economics 66 (Aug.):332-41.
15. _. 1988. "Three Approaches to Defining 'Existence' or 'Non-Use' Value under Certainty." Working paper, Department of Agricultural and Resource Economics, University of California, Berkeley, July.
16. _. Forthcoming. "The Economic Theory of WTP and WTA." In Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation in the U.S., EC and Developing Countries, eds. I. J. Bateman and K. G. Willis. Oxford: Oxford University Press.
17. Harrison, W. Glenn. 1996. "Experimental Economics and Contingent Valuation." Discussion Paper B 96-10, Department of Economics, University of South Carolina, October.
18. Hellerstein, David. 1995. "Welfare Estimation Using Aggregate and Individual Observation Models: A Comparative Study Using Monte Carlo Technique." American Journal of Agricultural Economics 77 (Aug.):620-30.
19. Holmes, Thomas P., and Randall A. Kramer. 1995. "An Independent Sample Test of Yea-Saying and Starting Point Bias in Dichotomous Choice Contingent Valuation." Journal of Environmental Economics and Management 29 (July):121-32.
20. Johnson. Rebecca L., N. Stewart Bregenzer, and Bo Shelby. 1990. "Contingent Valuation Question Formats: Dichotomous Choice Versus Open-Ended Responses." In Economic Valuation of Natural Resources: Issues, Theory, and Applications, eds. R. L. Johnson and G. V. Johnson. Boulder, CO: Westview Press.
21. Kealy, Mary Jo, and Richard C. Bishop. 1986. "Theoretical and Empirical Specification Issues in Travel Cost Demand Studies." American Journal of Agricultural Economics 69 (Aug.):660-67.
22. Kealy, Mary Jo, and Robert W. Turner. 1993. "A Test of the Equality of Close-Ended and Open-Ended Contingent Valuation." American Journal of Agricultural Economics 75 (May): 321-31.
23. Kling, Catherine L. 1988. "Comparing Welfare Estimates of Environmental Quality Changes from Recreation Demand Models." Journal of Environmental Economics and Management 15 (Sept.):331-40.
24. Kopp, Raymond J., and V. Kerry Smith. 1997. "Constructing Measures of Economic Value." In Determining the Value of Non-Market Goods: Economic, Psychological and Policy Relevant Aspects of Contingent Valuation, eds. R. J. Kopp. W. Pommerhrne, and N. Schwarz. Boston: Kluwer Nijhoff.
25. Kramer. Randall A., and D. Evan Mercer. 1997. "Valuing a Global Environmental Good: U.S. Residents' Willingness to Pay to Protect Tropical Rain Forests." Land Economics 73 (May): 196-210.
26. Kriström, Bengt. 1993. "Comparing Continuous and Discrete Contingent Valuation Questions." Environmental and Resource Economics 3 (Feb.):63-72.
27. Madariaga, Bruce, and Kenneth E. McConnell. 1987. "Exploring Existence Value." Water Resources Research 23 (5):936-42.
28. McConnell. Kenneth E. 1990. "Models for Referendum Data: The Structure of Discrete Models for Contingent Valuation." Journal of Environmental Economics and Management 18 (1):19-34.
29. McFadden, Daniel. 1994. "Contingent Valuation and Social Choice." American Journal of Agricultural Economics 76 (4):689-708.
30. Poe, Gregory L., Michael P. Welsh, and Patricia A. Champ. 1997. "Measuring the Difference in Mean Willingness to Pay When Dichotomous Choice Contingent Valuation Responses Are Not Independent." Land Economics 73 (May):255-67.
31. Ready, Richard C., Jean C. Buzby, and Dayuan Hu. 1996. "Differences between Continuous and Discrete Contingent Value Estimates." Land Economics 72 (Aug.):397-411.
32. Reaves, Dixie Watts, Randall A. Kramer, and Thomas P. Holmes. 1997. "Does Question Format Matter? Valuing an Endangered Species." Nicholas School of the Environment, Duke University.
33. Schulze, William, Gary McClelland, Donald Waldman, and Jeffrey Lazo. 1996. "Sources of Bias in Contingent Valuation." In The Contingent Valuation of Environmental Resources, eds. D. J. Bjornstad and J. R. Kahn. Cheltenham, UK: Edward Elgar.
34. Sellar, Christine, John R. Stoll, and Jean-Paul Chavas. 1985. "Valuation of Empirical Measures of Welfare Change: A Comparison of Non-Market Techniques." Land Economics 61 (May):156-75.
35. Walsh, Richard G., Donn M. Johnson, and John R. McKean. 1992. "Benefit Transfer of Outdoor Recreation Demand Studies: 1968-1988." Water Resources Research 28 (3): 707-13.