One and One-Half Bound Dichotomous Choice Contingent Valuation

Joseph Cooper (), Michael Hanemann () and Giovanni Signorello

MPRA Paper from University Library of Munich, Germany

Abstract: To reduce the potential for response bias on the follow-up bid in multiple-bound discrete choice CVM questions while maintaining much of the efficiency gains of the multiple-bound approach, we introduce the one-and-one-half-bound (OOHB) approach. Despite the fact that the OOHB model uses less information than the double-bound (DB) approach, efficiency gains in moving from single-bound to OOHB capture a large portion of the gain associated with moving from single-bound to DB. In an analysis of survey data, our OOHB estimates demonstrated higher consistency with respect to the follow-up data than the DB estimates and were more efficient as well.

Keywords: contingent valuation; double-bound; one-and-one-half bound (search for similar items in EconPapers)
JEL-codes: C15 C25 Q20 Q26 (search for similar items in EconPapers)
Date: 2002-11, Revised 2002-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (102)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/17190/2/MPRA_paper_17190.pdf original version (application/pdf)

Related works:
Journal Article: One-and-One-Half-Bound Dichotomous Choice Contingent Valuation (2002)
Working Paper: One-and-One-Half Bound Dichotomous Choice Contingent Valuation (2001)
Working Paper: One-and-One-Half Bound Dichotomous Choice Contingent Valuation (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17190

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().