Validation of empirical measures of welfare change: comment

In an excellent article from a recent issue of this journal, Sellar, Stoll and Chavas (1985) make a technical error which causes them to misstate their closed-ended estimates of willingness to pay. Truncation of the estimated cummulative distribution function must we made explicit in compution of willingness to pay.

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Year of publication:	1988
Authors:	Boyle, Kevin J. ; Welsh, Michael P. ; Bishop, Richard C.

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Boyle, Kevin J. and Welsh, Michael P. and Bishop, Richard C. (1988): Validation of empirical measures of welfare change: comment. Published in: Land Economics , Vol. 64, No. 1 (1988): pp. 94-98.
Classification:	H4 - Publicly Provided Goods ; C13 - Estimation ; D61 - Allocative Efficiency; Cost-Benefit Analysis ; Q51 - Valuation of Environmental Effects
Source:	BASE

Persistent link: https://www.econbiz.de/10015227077