One-and-One-Half Bound Dichotomous Choice Contingent Valuation
| dc.creator | Cooper, Joseph C. | |
| dc.creator | Hanemann, W. Michael | |
| dc.creator | Signorello, Giovanni | |
| dc.date | 2017-04-01T16:40:27Z | |
| dc.date.accessioned | 2026-07-09T03:49:23Z | |
| dc.description | To reduce the potential for response bias on the follow-up bid in multiple-bound discrete choice CVM questions while maintaining much of the efficiency gains of the multiple-bound approach, we introduce the one-and-one-half-bound (OOHB) approach. Despite the fact that the OOHB model uses less information than the double-bound (DB) approach, efficiency gains in moving from single-bound to OOHB capture a large portion of the gain associated with moving from single-bound to DB. In an analysis of survey data, our OOHB estimates demonstrated higher consistency with respect to the follow-up data than the DB estimates and were more efficient as well. | |
| dc.identifier | doi:10.22004/ag.econ.25003 | |
| dc.identifier | https://ageconsearch.umn.edu/record/25003/files/wp010921.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/25003 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/540425 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/25003 | |
| dc.title | One-and-One-Half Bound Dichotomous Choice Contingent Valuation | |
| dc.type | Text |