REVISITING BID DESIGN ISSUES IN CONTINGENT VALUATION

Sooil Kim and Tim Haab

No 20162, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A uniform bid design from a predetermined uniform distribution is proposed as a practical and robust alternative to existing optimal or naïve bid designs. Analytics and simulations show that the uniform design provides efficiency better than naïve designs under ideal conditions and outperforms optimal designs with poor initial information.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 28
Date: 2004
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20162

DOI: 10.22004/ag.econ.20162

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