Validation of empirical measures of welfare change: comment

Kevin Boyle, Michael P. Welsh and Richard C. Bishop

MPRA Paper from University Library of Munich, Germany

Abstract: In an excellent article from a recent issue of this journal, Sellar, Stoll and Chavas (1985) make a technical error which causes them to misstate their closed-ended estimates of willingness to pay. Truncation of the estimated cummulative distribution function must we made explicit in compution of willingness to pay.

Keywords: nonmarket valuation; contingent valuation; stated preferences; welfare evaluation; willingness to pay (search for similar items in EconPapers)
JEL-codes: C13 D61 H4 Q51 (search for similar items in EconPapers)
Date: 1988
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Citations: View citations in EconPapers (30)

Published in Land Economics 1.64(1988): pp. 94-98

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