Construct · 1 fields · 1 citations

double-bounded dichotomous choice: a standalone construct

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Environmental economics

contingent valuation format that follows a first yes-or-no bid with a higher or lower second bid, narrowing the interval for willingness to pay.

In environmental economics, double-bounded dichotomous choice refers to contingent valuation format that follows a first yes-or-no bid with a higher or lower second bid, narrowing the interval for willingness to pay. This meaning comes from Hanemann (1991) in American Journal of Agricultural Economics.[1]

Unit
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contingent valuation1 fields · 1 citationsanchor · a standalone construct interval4 fields · 5 citationsjingle · one word, four constructs valuation4 fields · 7 citationsjingle · one word, four constructs

References

Hanemann, M., Loomis, J., & Kanninen, B. (1991). Statistical Efficiency of Double‐Bounded Dichotomous Choice Contingent Valuation. American Journal of Agricultural Economics, 73(4), 1255-1263. https://doi.org/10.2307/1242453

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