Model selection in iterative valuation questions

Emmanuel Flachaire and Guillaume Hollard ()
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Guillaume Hollard: OEP - UPEM - Université Paris-Est Marne-la-Vallée

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Abstract: In this article, we propose a unified framework that accomodates many of the existing models for dichotomous choice contingent valuation with follow-up and allows to discriminate between them by simple parametric tests of hypothese. Our empirical results show that the Range model, developped in Flachaire and Hollard (2007}, utperforms other standard models and confirms that, when uncertain, respondents tend to accept proposed bids.

Keywords: starting point bias; preference uncertainty; contingent valuation.; contingent valuation (search for similar items in EconPapers)
Date: 2007
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00176033v1
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Published in Revue d'économie politique, 2007, 117 (5), pp.853-865

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Journal Article: Model Selection in Iterative Valuation Questions (2007)
Working Paper: Model selection in iterative valuation questions (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00176033

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