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Flexible Functional Form Estimation of Willingness to Pay Using Dichotomous Choice Data

✍ Scribed by Joseph C. Cooper

Book ID
115623717
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
113 KB
Volume
43
Category
Article
ISSN
0095-0696

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## Abstract This study examined the influences of the interaction between a bid and the respondent's characteristics due to insufficient random assignment of bids on the estimation of willingness to pay (WTP) using data from a discrete‐choice question. A contingent valuation survey of 152 examinees