Previous literature on the distribution of willingness to pay has focused on its heterogeneity
distribution without addressing exact interval estimation. In this paper we derive and analyze …

Climate change has been receiving wide attention from the international community. The
UK, like many other countries, has set its target to achieve a 12.5% reduction in levels of six …

We show a substantive problem exists with the widely-used ratio of coefficients approach to
calculating willingness to pay (WTP) from discrete choice models. The correctly calculated …

The recent literature has brought together the characteristics model of utility and classic
revealed preference arguments to learn about consumers' willingness to pay. We …

This paper combines demand analysis with household production to estimate the marginal
willingness to pay for improvements in air quality in Italy and the corresponding income …

The most persistently troubling empirical result in the contingent valuation method literature
is the tendency for hypothetical willingness to pay to overestimate real willingness to pay …

We use Bayes' estimator of a consumer-surplus probit model to study the relevance of the
prior in a discrete choice model. We take random subsamples of varying sizes of stated …

While the compensatory model of choice dominates the environmental valuation literature,
non-compensatory models, where individuals do not tradeoff one attribute for another, are …

Using renewable energy for domestic consumption has been identified as a key strategy by
the Intergovernmental Panel on Climate Change to reduce greenhouse gas emissions …

We use a quantile regression (QR) approach to analyse contingent valuation estimates of
public willingness to pay (WTP) for the air and noise pollution reductions associated with the …