Validation of Empirical Measures of Welfare Change: Comment
- 1 February 1988
- journal article
- Published by University of Wisconsin Press in Land Economics
- Vol. 64 (1) , 94
- https://doi.org/10.2307/3146613
Abstract
In an excellent article from a recent issue of this journal, Sellar, Stoll and Chavas (1985) make a technical error which causes them to misstate their closed-ended estimates of willingness to pay. Truncation of the estimated cummulative distribution function must we made explicit in compution of willingness to pay.Keywords
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