REVISITING BID DESIGN ISSUES IN CONTINGENT VALUATION

A uniform bid design from a predetermined uniform distribution is proposed as a practical and robust alternative to existing optimal or naïve bid designs. Analytics and simulations show that the uniform design provides efficiency better than naïve designs under ideal conditions and outperforms optimal designs with poor initial information.

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Year of publication:	2004
Authors:	Kim, Sooil ; Haab, Timothy C.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	2004 Annual meeting, August 1-4, Denver, CO.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2004 Annual meeting, August 1-4, Denver, CO Number 20162
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005061013