Statistical efficiency of double-bounded dichotomous choice contingent valuation

The statistical efficiency of conventional dichotomous choice contingent valuation surveys can be improved by asking each respondent a second dichotomous choice question which depends on the response to the first question-if the first response is " yes," the second bid is some amount great...

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Published in:American journal of agricultural economics 1991-11, Vol.73 (4), p.1255-1263
Main Authors: Hanemann, M. (University of California, Berkeley), Loomis, J, Kanninen, B
Format: Article
Language:English
Subjects:
ANALISIS ESTADISTICO
ANALYSE STATISTIQUE
Bidding
CALIFORNIA
CALIFORNIE
Confidence interval
contingent valuation
Design efficiency
Economic surveys
ENCUESTAS
ENQUETE
ESTIMACION
Estimators
Experiment design
FAUNE ET FLORE SAUVAGES
HABITAT
MODELE MATHEMATIQUE
MODELOS MATEMATICOS
Point estimators
PRISE DE DECISION
Q260
Questionnaires
TERRE HUMIDE
TIERRAS HUMEDAS
TOMA DE DECISIONES
VALEUR D'ESTIMATION
Valuation
VIDA SILVESTRE
Wetlands
wildlife
Wildlife habitats
willingness to pay
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cited_by cdi_FETCH-LOGICAL-c5313-572eae751c4aba5c2a0af33bff1f7da935eed8d3fb8ccb4925d80d1c9f1f8a6f3
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container_issue 4
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container_title American journal of agricultural economics
container_volume 73
creator Hanemann, M. (University of California, Berkeley)
Loomis, J
Kanninen, B
description The statistical efficiency of conventional dichotomous choice contingent valuation surveys can be improved by asking each respondent a second dichotomous choice question which depends on the response to the first question-if the first response is " yes," the second bid is some amount greater than the first bid; while, if the first response is "no," the second bid is some amount smaller. This "double-bounded" approach is shown to be asymptotically more efficient than the conventional, "single-bounded" approach. Using data from a survey of Californians regarding their willingness to pay for wetlands in the San Joaquin Valley, we show that, in a finite sample, the gain in efficiency can be very substantial
doi_str_mv 10.2307/1242453
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This "double-bounded" approach is shown to be asymptotically more efficient than the conventional, "single-bounded" approach. Using data from a survey of Californians regarding their willingness to pay for wetlands in the San Joaquin Valley, we show that, in a finite sample, the gain in efficiency can be very substantial</abstract><cop>Menasha, Wis</cop><pub>Oxford University Press</pub><doi>10.2307/1242453</doi><tpages>9</tpages></addata></record>
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ispartof American journal of agricultural economics, 1991-11, Vol.73 (4), p.1255-1263
issn 0002-9092
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recordid cdi_proquest_miscellaneous_37249786
source EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); Business Source Ultimate; JSTOR Archival Journals and Primary Sources Collection; Oxford University Press Archive
subjects ANALISIS ESTADISTICO
ANALYSE STATISTIQUE
Bidding
CALIFORNIA
CALIFORNIE
Confidence interval
contingent valuation
Design efficiency
Economic surveys
ENCUESTAS
ENQUETE
ESTIMACION
Estimators
Experiment design
FAUNE ET FLORE SAUVAGES
HABITAT
MODELE MATHEMATIQUE
MODELOS MATEMATICOS
Point estimators
PRISE DE DECISION
Q260
Questionnaires
TERRE HUMIDE
TIERRAS HUMEDAS
TOMA DE DECISIONES
VALEUR D'ESTIMATION
Valuation
VIDA SILVESTRE
Wetlands
wildlife
Wildlife habitats
willingness to pay
title Statistical efficiency of double-bounded dichotomous choice contingent valuation
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