Validation of empirical measures of welfare change: comment Report as inadecuate




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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.



Item Type: MPRA Paper -

Original Title: Validation of empirical measures of welfare change: comment-

Language: English-

Keywords: nonmarket valuation; contingent valuation; stated preferences; welfare evaluation; willingness to pay-

Subjects: H - Public Economics > H4 - Publicly Provided GoodsC - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: GeneralD - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency ; Cost-Benefit AnalysisQ - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q51 - Valuation of Environmental Effects-





Author: Boyle, Kevin J.

Source: https://mpra.ub.uni-muenchen.de/31237/



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