Exploring the Beta Model Using Proportional Budget Information in a Contingent Valuation Study

Using a set of random telephone and Internet (web-based) survey samples for a national advisory referendum, we implement Beta models to handle proportional budget information, and allow for consistency in modeling assumptions and the calculation of estimated willingness to pay (WTP). Results indicate significant budget constraint effects and demonstrate the potential for Beta models in handling mental-accounting type information.

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Year of publication:	2005
Authors:	Li, Hui ; Weimer, David L. ; Silva, Hank C. Jenkins-Smith Carol L. ; Bohara, Robert P. Berrens Alok K.
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 17.2005, 8, p. 1-9
Publisher:	AccessEcon
Subject:	Beta model

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	Q2 - Renewable Resources and Conservation; Environmental Management
Source:	RePEc - Research Papers in Economics

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