Håkansson, Cecilia
- Department of Forest Economics, Swedish University of Agricultural Sciences
Report2005
Håkansson, Cecilia
Håkansson, Cecilia (ed.)
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
classical and interval open-ended question; contingent valuation; middle censored data; survival analysis; valuation uncertainty
Publisher: Institutionen för Skogsekonomi
Economics and Business
Social Sciences
https://res.slu.se/id/publ/6952