Spike Models in Contingent Valuation
Bibliographic Data
| ID | 23360360 |
|---|---|
| Authors | Bengt Kriström (0000-0002-4703-0077, Swedish University of Agricultural Sciences, corresponding author) |
| Year | 1997 |
| Volume | 79 |
| Issue | 3 |
| Pages | 1013-1023 |
| Publication date | 1997-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Agricultural Economics (JOURNAL) |
| Journal identifiers | ISSN: 0002-9092 • E-ISSN: 1467-8276 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.2307/1244440 |
| OpenAlex | W2063309712 |
| Language | EN |
| Citations received | 71 |
| References cited | 3 |
Spike models allow for a nonzero probability of zero willingness to pay in referendum‐style contingent valuation experiments. They include many of the often used models as special cases and allow various analyses that are not possible in standard applications. In this paper, the economic rationale for the spike models and their estimation techniques are discussed, and empirical illustrations are provided. One study suggests that mean willingness to pay is zero, and both studies strongly suggest that median WTP is zero. These results have some bearing on the continuing debate of the incentive properties of hypothetical surveys and the construction of scenarios in contingent valuation experiments.
Actuarial science · Contingent valuation · Econometrics · Economics · Incentive · Incentive compatibility · Microeconomics · Political science · Referendum · Spike (software development) · Valuation (finance) · Willingness to pay · Zero (linguistics) · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Finance · Housing Market and Economics
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| Unique citing works | 71 |
|---|---|
| Citations per year | 2,63 |
| Citation span | 1999 - 2026 (28) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 69 |