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Generalized Estimation Methods for Non-i.i.d. Binary Data: An Application to Dichotomous Choice Contingent Valuation

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  • Kim, Sooil
  • Haab, Timothy C.

Abstract

We challenge the assumption of i.i.d random utility across alternatives embedded in typical applications of logit models to dichotomous choice contingent valuation data. Using a Gumbel mixed distribution which nests a number of traditional models, we show that the logistic distribution is not a suitable distribution for contingent valuation analysis.

Suggested Citation

  • Kim, Sooil & Haab, Timothy C., 2005. "Generalized Estimation Methods for Non-i.i.d. Binary Data: An Application to Dichotomous Choice Contingent Valuation," 2005 Annual meeting, July 24-27, Providence, RI 19138, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19138
    DOI: 10.22004/ag.econ.19138
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    References listed on IDEAS

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