Dealing with the willingness to pay data with preference intensity: A semiparametric estimation

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Abstract

This article considers the Type 3 Tobit models to deal with the willingness to pay data with preference intensity by employing both parametric and semiparametric estimation methods. The overall results show that the semiparametric estimation significantly outperforms the parametric estimation.

Original languageEnglish
Pages (from-to)387-390
Number of pages4
JournalApplied Economics Letters
Volume16
Issue number4
DOIs
StatePublished - 2009

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