This paper is concerned with the estimation of the binary choice model without imposing any parametric structure on the distribution of the stochastic term. We adapt the distribution-free maximum likelihood method developed by Cosslett (1983) for deriving the contingent value function with...

A discrete/continuous choice model of the residential demand for water under block rate pricing is presented, estimated, and compared to results of regression models. The empirical analysis uses a dataset from a previously published study, Nieswiadomy and Molina (1989), of household level panel...

In 1992 the National Oceanic and Atmospheric Administration (NOAA) convened a panel of prominent social scientists to assess the reliability of natural resource damage estimates derived from contingent valuation (CV). The panel recommended that "time dependent measurement noise should be reduced...