Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/51148
Campo DC Valoridioma
dc.contributor.authorAraña, Jorge E.en_US
dc.contributor.authorLeón González, Carmelo Javieren_US
dc.contributor.otherArana, Jorge-
dc.contributor.otherSuarez, Beatriz-
dc.date.accessioned2018-11-24T21:53:19Z-
dc.date.available2018-11-24T21:53:19Z-
dc.date.issued2007en_US
dc.identifier.issn0924-6460en_US
dc.identifier.urihttp://hdl.handle.net/10553/51148-
dc.description.abstractRepeated dichotomous choice contingent valuation data are generated from responses to a succession of binary questions regarding alternative prices for an environmental good. In this paper we propose a simultaneous equation model that allows for endogeneity and error correlation across the responses at each stage of the bidding process. The model allows us to study the evolution of anchoring effects after the second dichotomous choice question. Estimation involves the Bayesian techniques of Gibbs sampling and data augmentation, and the application focuses on the preservation value of a natural area. The results for a data set involving up to four successive dichotomous choice questions show that restricted multiple-bounded models are rejected by the data with the general model. In addition, willingness to pay tends to stabilize after the second stage in the elicitation process for the general unrestricted model. When taking anchoring effects into consideration, it is revealed that individuals' responses in the latter stages are influenced by the sequence of bid prices offered in earlier questions. Nevertheless, they do not have a significant effect on welfare estimates.en_US
dc.languagespaen_US
dc.publisher0924-6460
dc.relation.ispartofEnvironmental and Resource Economicsen_US
dc.sourceEnvironmental and Resource Economics[ISSN 0924-6460],v. 36, p. 475-497en_US
dc.subject.otherContingent Valuation Data
dc.subject.otherBayesian-Analysis
dc.subject.otherDependent-Variables
dc.subject.otherPreference Reversal
dc.subject.otherModel
dc.subject.otherMarket
dc.subject.otherLikelihood
dc.subject.otherRegression
dc.subject.otherEfficiency
dc.subject.otherInference
dc.titleRepeated dichotomous choice formats for elicitation of willingness to pay: Simultaneous estimation and anchoring effecten_US
dc.typeinfo:eu-repo/semantics/Articleen_US
dc.typeArticleen_US
dc.identifier.doi10.1007/s10640-006-9038-7en_US
dc.identifier.scopus33847644955-
dc.identifier.isi000244686800005-
dcterms.isPartOfEnvironmental & Resource Economics
dcterms.sourceEnvironmental & Resource Economics[ISSN 0924-6460],v. 36 (4), p. 475-497
dc.contributor.authorscopusid7005207170-
dc.contributor.authorscopusid7101886256-
dc.description.lastpage497en_US
dc.description.firstpage475en_US
dc.relation.volume36en_US
dc.type2Artículoen_US
dc.identifier.wosWOS:000244686800005-
dc.contributor.daisngid641205-
dc.contributor.daisngid597168-
dc.identifier.investigatorRIDD-1139-2011-
dc.identifier.investigatorRIDL-6377-2014-
dc.contributor.wosstandardWOS:Arana, JE-
dc.contributor.wosstandardWOS:Leon, CJ-
dc.date.coverdateAbril 2007en_US
dc.identifier.ulpgces
dc.description.jcr1,237
dc.description.jcrqQ1
dc.description.ssciSSCI
item.grantfulltextnone-
item.fulltextSin texto completo-
crisitem.author.deptDepartamento de Análisis Económico Aplicado-
crisitem.author.deptGIR TIDES: Economía, medioambiente, sostenibilidad y turismo-
crisitem.author.deptIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.deptDepartamento de Análisis Económico Aplicado-
crisitem.author.orcid0000-0003-0878-9934-
crisitem.author.orcid0000-0001-9451-4093-
crisitem.author.parentorgIU de Turismo y Desarrollo Económico Sostenible-
crisitem.author.fullNameAraña Padilla, Jorge-
crisitem.author.fullNameLeón González, Carmelo Javier-
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