Unit Non-Response Bias in the Interval Data Model

A mail survey was administered to a panel of Colorado consumers to obtain estimates of willingness to pay (WTP) for preserving Union Park. Detailed socioeconomic data for all surveyed individuals was available a priori. We develop and employ the multiple-bounded probit with selection (MBPS) model, t...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Land economics 2004-08, Vol.80 (3), p.448-462
Hauptverfasser: Harpman, David A., Welsh, Michael P., Sparling, Edward W.
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:A mail survey was administered to a panel of Colorado consumers to obtain estimates of willingness to pay (WTP) for preserving Union Park. Detailed socioeconomic data for all surveyed individuals was available a priori. We develop and employ the multiple-bounded probit with selection (MBPS) model, to correct for non-response and self-selection bias. Statistical tests indicate estimates of WTP corrected for these biases are significantly higher than uncorrected estimates. The use of selection models requires an additional investment by researchers. These investments may be warranted for policy relevant studies.
ISSN:0023-7639
1543-8325
DOI:10.2307/3654731