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Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses
Abstract
Since the work of Bishop and Heberlein, a number of contingent valuation experiments have appeared involving discrete responses which are analyzed by logit or similar techniques. This paper addresses the issues of how the logit models should be formulated to be consistent with the hypothesis of utility maximization and how measures of compensating and equivalent surplus should be derived from the fitted models. Two distinct types of welfare measures are introduced and then estimated from Bishop and Heberlein's data.
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Citations
Cited by
Statistical Efficiency of Double‐Bounded Dichotomous Choice Contingent Valuation
Hanemann, M., Loomis, J., & Kanninen, B. (1991) · American Journal of Agricultural Economics · doi:10.2307/1242453 · Cited by 1,824
Valuing the Environment Through Contingent Valuation
Hanemann, W. M. (1994) · Journal of Economic Perspectives · doi:10.1257/jep.8.4.19 · Cited by 1,640
Self-citationLoomis, J., Kent, P., Strange, L., Fausch, K., & Covich, A. (2000) · Ecological Economics · doi:10.1016/s0921-8009(99)00131-7 · Cited by 789
Using Discrete Choice Experiments to Value Health and Health Care
(2008) · The Economics of Non-Market Goods and Resources · doi:10.1007/978-1-4020-5753-3 · Cited by 765
Miller, K. M., Hofstetter, R., Krohmer, H., & Zhang, Z. J. (2011) · Journal of Marketing Research · doi:10.1509/jmkr.48.1.172 · Cited by 441
Metadata
- Authors
- Hanemann, W. M.
- Venue
- American Journal of Agricultural Economics
- Publisher
- Wiley
- Published
- 1984-08
- Volume
- 66
- Issue
- 3
- Pages
- 332-341
- ISSN
- 0002-9092 (ISSN-L)
- 1467-8276
- OpenAlex
- W2130193386
- Cited by
- 2,810
- References
- 0
- FWCI
- 28.65
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses. https://app.cochat.ai/papers/10.2307/1240800
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- Hanemann, W. M. (1984). Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses. American Journal of Agricultural Economics. https://doi.org/10.2307/1240800
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
