Abstract Details
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Activity Number:
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396
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Type:
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Contributed
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Date/Time:
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Tuesday, August 5, 2014 : 2:00 PM to 3:50 PM
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Sponsor:
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Business and Economic Statistics Section
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Abstract #313189
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View Presentation
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Title:
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Distributional Assumptions and Estimation of Contingent Valuation Models
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Author(s):
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James McDonald*+
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Companies:
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Brigham Young University
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Keywords:
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willingness to pay ;
partially adaptive ;
spike models
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Abstract:
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Contingent valuation methods are well established techniques for estimating the value of goods and services not transacted in markets and have been applied in many different settings. Some of these applications include estimating the value of outdoor recreation, reducing risk, decreasing pollution, or reducing transportation time. The estimates depend upon the model specification and the method of estimation with some methods yielding inconsistent estimators. Partially adaptive methods of estimation, based on flexible probability density functions, are developed in this paper along with an application to estimate willingness to pay to reduce childhood obesity.
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Authors who are presenting talks have a * after their name.
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