TURNBULL: Stata module to estimate the Turnbull empirical distribution estimator of willingness to pay

João Pedro Azevedo ()

Statistical Software Components from Boston College Department of Economics

Abstract: turnbull estimates the Turnbull empirical distribution estimator of willingness to pay proposed by Carson et al (1994a,b). Haab and McConnell (1997) argue that this estimator solves the problem of estimating negative willingness to pay without resorting to ad hoc distribution assumptions, and show that central tendency measures of willingness to pay from parametric models are sensitive to the assumed distribution, while the lower bound Turnbull estimate is robust across distributions.

Language: Stata
Requires: Stata version 8.0
Keywords: Turnbull; willingness to pay (search for similar items in EconPapers)
Date: 2010-02-19
Note: This module should be installed from within Stata by typing "ssc install turnbull". The module is made available under terms of the GPL v3 (https://www.gnu.org/licenses/gpl-3.0.txt). Windows users should not attempt to download these files with a web browser.
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http://fmwww.bc.edu/repec/bocode/t/turnbull.ado program code (text/plain)
http://fmwww.bc.edu/repec/bocode/t/turnbull.hlp help file (text/plain)

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Persistent link: https://EconPapers.repec.org/RePEc:boc:bocode:s457125

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