In this paper we propose a Bayesian approach to model double bounded contingent valuation data. The double bounded elicitation method is interpreted as a two tier iterated process in which the subject is allowed to have a second thought about his/her valuation for the environmental good. Prior...

Repeated dichotomous choice contingent valuation data are generated from responses to a succession of binary questions regarding alternative prices for an environmental good. In this paper we propose a simultaneous equation model that allows for endogeneity and error correlation across the...

The article describes an application of contingent valuation to estimate welfare losses caused by noise pollution in the railway line connecting Galicia and Portugal. In addition, temporary specification related to the payment vehicle in the valuation and the internationally used rating scales...