The treatment of income variable in willingness to pay studies Academic Article uri icon

abstract

  • This paper evaluates income variable specification and functional form issues in contingent-valuation studies using the utility-theoretic approach. Applying data from a study of willingness to pay for irradiated beef, results suggest that functional form does affect the estimates, but variable specification does not introduce statistically significant differences. 2004 Taylor and Francis Ltd.

published proceedings

  • APPLIED ECONOMICS LETTERS

author list (cited authors)

  • Aiew, W., Nayga, R. M., & Woodward, R. T.

complete list of authors

  • Aiew, W||Nayga, RM||Woodward, RT

publication date

  • January 1, 2004 11:11 AM