Contingent Valuation- Analysis of Interval Open-Ended Data

Abstract

This paper presents an approach to estimate willingness to pay distributions when respondents are allowed to state their valuations as an open-ended interval rather than as a point. It is argued that asking about an interval has several advantages compared to traditional valuation questions; it captures potential valuation uncertainty, gives a higher response rate, and above all, it gives a richer set of information about individuals preferences

Keywords

classical and interval open-ended question; contingent valuation; middle censored data; survival analysis; valuation uncertainty

Published in

Publisher: Institutionen för Skogsekonomi

SLU Editors

• Håkansson, Cecilia

  • Department of Forest Economics, Swedish University of Agricultural Sciences
    

UKÄ Subject classification

Economics and Business
Social Sciences

Permanent link to this page (URI)

https://res.slu.se/id/publ/6952