Modeling zero response data from willingness to pay surveys: a semi-parametric estimation.

DOI10.1016/S0165-1765(01)00363-9MaRDI QIDQ5941017zbMATH OpenOpenAlexWikidataFDO

Authors S.-H. Yoo, Tae-Yeon Kim, J.-K. Lee

Publication date 20 August 2001

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1765(01)00363-9

zbMATH Keywords

Symmetrically trimmed least squaresWillingness to payZero response

Mathematics Subject Classification ID

Point estimation (62F10) Nonparametric estimation (62G05) Applications of statistics to economics (62P20) Mathematical economics (91B99)

Review text

This paper models zero response data from willingness to pay surveys by employing parametric and semi-parametric estimation methods. The result of the specification test indicates the semi-parametric estimation outperforms the parametric estimation significantly.

Recommendations

• Semi-parametric discrete choice measures of willingness to pay
• Regression models for data with a non-zero probability of a zero response
• Willingness-to-pay estimation with choice-based conjoint analysis: addressing extreme response behavior with individually adapted designs
• Statistical inference with semiparametric nonignorable nonresponse models
• Semiparametric modeling of medical cost data containing zeros
• Random coefficient models for stated preference surveys.

Cites work

• Estimation of Relationships for Limited Dependent Variables
• Least absolute deviations estimation for the censored regression model
• On the Asymptotic Properties of Estimators of Models Containing Limited Dependent Variables
• Residual analysis in the grouped and censored normal linear model
• Specification Tests in Econometrics
• Symmetrically Trimmed Least Squares Estimation for Tobit Models

Cited in

(4)

• Semi-nonparametric estimation of binary response models with an application to natural resource valuation
• Dealing with bottled water expenditures data with zero observations: A semiparametric specification
• Semi-parametric discrete choice measures of willingness to pay
• Flexible functional form estimation of willingness to pay using dichotomous choice data

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