The treatment of income variable in willingness to pay studies

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.

authors

• Woodward, Richard

published proceedings

• APPLIED ECONOMICS LETTERS

author list (cited authors)

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

citation count

• 6

complete list of authors

• Aiew, W||Nayga, RM||Woodward, RT

publication date

• January 2004

publisher

• Taylor & Francis  Publisher

published in

• Applied Economics Letters  Journal

keywords

• Basic Behavioral And Social Science
• Behavioral And Social Science

Digital Object Identifier (DOI)

• 10.1080/1350485042000228817

start page

• 581

end page

• 585

volume

• 11

issue

• 9

URL

• http%3A%2F%2Fdx.doi.org%2F10.1080%2F1350485042000228817