Some advances in optimal designs in contingent valuation studies

When an organisation such as a local or health authority or an environmental agency is considering making new or increased charges for a (new) amenity it might commission a survey in which a key question would be of the form: ‘Are you Willing To Pay an amount X for the (new) amenity?’. This illustra...

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Bibliographic Details
Published in:Journal of statistical planning and inference 2006-03, Vol.136 (3), p.1153-1165
Main Authors: Gunduz, Necla, Torsney, Ben
Format: Article
Language:English
Subjects:
[formula omitted]-optimality
Binary regression design
Contingent valuation dichotomous choice studies
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Summary:When an organisation such as a local or health authority or an environmental agency is considering making new or increased charges for a (new) amenity it might commission a survey in which a key question would be of the form: ‘Are you Willing To Pay an amount X for the (new) amenity?’. This illustrates one type of contingent valuation (CV) study, namely, a dichotomous choice CV study with the figure X being a ‘Bid’ value. The paper will focus on double bounded CV's in which a second bid is offered. In particular we focus on optimal designs for the second bid of a double bounded study given the response at the first bid. These will be useful when there is a time gap between offering the two bids.
ISSN:0378-3758
1873-1171
DOI:10.1016/j.jspi.2004.08.004