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

Seung Hoon Yoo, Seung Jun Kwak

Research output: Contribution to journalArticlepeer-review

89 Citations (Scopus)

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 Kriström (American Journal Agricultural Economics, 79, 1013-23, 1997) is used. The overall results indicate that the spike model outperforms the conventional model significantly.

Original languageEnglish
Pages (from-to)929-932
Number of pages4
JournalApplied Economics Letters
Volume9
Issue number14
DOIs
Publication statusPublished - 2002 Nov 15
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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