Interval estimates of non-market resource values from referendum contingent valuation surveys.
A chronic problem with the econometric techniques most widely used to analyze referendum contingent valuation data is the absence of confidence intervals for the ultimate value estimates. Given that referendum contingent valuation studies are becoming more prevalent in the assessment of costs in en...
| Publicado en: | Land Economics Vol. 67; pp. 413 - 422 |
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| Autor principal: | |
| Formato: | Artículo |
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University of Wisconsin Press
November 1991
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | A chronic problem with the econometric techniques most widely used to analyze referendum contingent valuation data is the absence of confidence intervals for the ultimate value estimates. Given that referendum contingent valuation studies are becoming more prevalent in the assessment of costs in environmental litigation and policy making, a good sense of the statistical accuracy of value estimates is essential. Easily computed interval estimates are vital to this end. An analysis of the use of censored regression models shows that these models can be used to create confidence intervals. In fact, computer programs used by most researchers who have worked with referendum data can be extended in a simple manner to produce interval estimates. |
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