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Using a spike model to deal with zero response data from double bounded dichotomous choice contingent valuation surveys

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  • Seung-Hoon Yoo
  • Seung-Jun Kwak

Abstract

Modelling public behaviour with the data from double bounded dichotomous choice contingent valuation surveys is often complicated by zero willingness to pay (WTP) responses in the sample. To deal with the zero response data to obtain an appropriate welfare measure such as the mean and median WTP, the spike model suggested by Kristrom (American Journal Agricultural Economics, 79, 1013-23, 1997) is used. The overall results indicate that the spike model outperforms the conventional model significantly.

Suggested Citation

  • Seung-Hoon Yoo & Seung-Jun Kwak, 2002. "Using a spike model to deal with zero response data from double bounded dichotomous choice contingent valuation surveys," Applied Economics Letters, Taylor & Francis Journals, vol. 9(14), pages 929-932.
    • Handle: RePEc:taf:apeclt:v:9:y:2002:i:14:p:929-932
    DOI: 10.1080/13504850210139378
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    References listed on IDEAS

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    3. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-719, November.
    4. Michael Hanemann & John Loomis & Barbara Kanninen, 1991. "Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1255-1263.
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