TY - JOUR
T1 - The treatment of income variable in willingness to pay studies
AU - Aiew, Wipon
AU - Nayga, Rodolfo M.
AU - Woodward, Richard T.
N1 - Funding Information:
ACKNOWLEDGEMENTS The authors thank Linda Crenwelge for editing the manuscript and the Institute of Food Science and Engineering, Texas A&M University, for project funding.
PY - 2004/7/15
Y1 - 2004/7/15
N2 - This paper evaluates income variable specification and functional form issues in contingent-valuation studies using the utility-theoretic approach. Applying data from a study of willingness to pay for irradiated beef, results suggest that functional form does affect the estimates, but variable specification does not introduce statistically significant differences.
AB - This paper evaluates income variable specification and functional form issues in contingent-valuation studies using the utility-theoretic approach. Applying data from a study of willingness to pay for irradiated beef, results suggest that functional form does affect the estimates, but variable specification does not introduce statistically significant differences.
UR - http://www.scopus.com/inward/record.url?scp=3442882576&partnerID=8YFLogxK
U2 - 10.1080/1350485042000228817
DO - 10.1080/1350485042000228817
M3 - Article
AN - SCOPUS:3442882576
SN - 1350-4851
VL - 11
SP - 581
EP - 585
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 9
ER -