Model Selection in Iterative Valuation Questions

In this article, we propose a unified framework that accomodates many of the existing models for dichotomous choice contingent valuation with follow-up and allows to discriminate between them by simple parametric tests of hypothese. Our empirical results show that the Range model, developped in Flachaire and Hollard [2007], outperforms other standard models and confirms that, when uncertain, respondents tend to accept proposed bids.

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Year of publication:	2007
Authors:	Flachaire, Emmanuel ; Hollard, Guillaume
Published in:	Revue d'économie politique. - Dalloz. - Vol. 117.2007, 5, p. 853-865
Publisher:	Dalloz
Subject:	starting point bias \| preference uncertainty \| contingent valuation

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008679980