The treatment of income variable in willingness to pay studies

Wipon Aiew; Rodolfo M. Nayga; Richard T. Woodward

doi:10.1080/1350485042000228817

The treatment of income variable in willingness to pay studies

Wipon Aiew
, Rodolfo M. Nayga
, Richard T. Woodward

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

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.

Original language	English
Pages (from-to)	581-585
Number of pages	5
Journal	Applied Economics Letters
Volume	11
Issue number	9
DOIs	https://doi.org/10.1080/1350485042000228817
Publication status	Published - 2004 Jul 15

Bibliographical note

Funding Information:
ACKNOWLEDGEMENTS The authors thank Linda Crenwelge for editing the manuscript and the Institute of Food Science and Engineering, Texas A&M University, for project funding.

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/1350485042000228817

Cite this

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title = "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.",

author = "Wipon Aiew and Nayga, \{Rodolfo M.\} and Woodward, \{Richard T.\}",

note = "Funding Information: ACKNOWLEDGEMENTS The authors thank Linda Crenwelge for editing the manuscript and the Institute of Food Science and Engineering, Texas A\&M University, for project funding.",

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AU - Woodward, Richard T.

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DO - 10.1080/1350485042000228817

M3 - Article

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JO - Applied Economics Letters

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The treatment of income variable in willingness to pay studies

Abstract

Bibliographical note

ASJC Scopus subject areas

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