Nonmarket Valuation under Preference Uncertainty: Econometric Models and Estimation

This paper makes an attempt to introduce preference uncertainty into discrete choice models used in contingent valuation experiments. We develop an econometric model which may characterize the degree of the uncertainty and provide an empirical illustration of the suggested model.

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Year of publication:	1996-05-01
Authors:	Hanemann, W. Michael ; Kristrom, Bengt ; Li, Chuan-Zhong
Institutions:	Department of Agricultural and Resource Economics, University of California-Berkeley
Subject:	contingent valuation \| consumers' preferences \| econometrics \| risk

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Extent:	application/pdf
Series:	Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Agricultural and Resource Economics, UCB
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010537455