NONMARKET VALUATION UNDER PREFERENCE UNCERTAINTY: ECONOMETRIC MODELS AND ESTIMATION

Michael Hanemann (), Bengt Kristrom and Chuan-Zhong Li

No 6858, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: This paper makes an attempt to introduce preference uncertainty into discrete choice models used in contingent valuation experiments. We develop an econometric model which may characterize the degree of the uncertainty and provide an empirical illustration of the suggested model.

Keywords: Research Methods/Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 12
Date: 1996
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Nonmarket Valuation under Preference Uncertainty: Econometric Models and Estimation (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:6858

DOI: 10.22004/ag.econ.6858

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