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st: MEAN and MEDIAN of WTP in double-bounded dichotomous CV
Dear Arne and Stata users,
Thank you very much for your information. I would like to ask whether can we
use Stata to obtain MEAN and MEDIAN of WTP in double-bounded dichotomous
contingent valuation study? example of this type study is done by Michael
Hanemann et al. 1991, "Statistical Efficiency of Double-Bounded Dichotomous
Choice Contingent Valuation".
Thank you very much for reading.
Best regards,
----- Original Message -----
From: "Arne Risa Hole" <[email protected]>
To: <[email protected]>
Sent: Tuesday, January 30, 2007 11:01 PM
Subject: st: New package -wtp- is available from SSC
Dear all,
Thanks to Kit Baum the -wtp- package is now available on SSC.
-wtp- estimates confidence intervals for willingness to pay (WTP)
measures of the type -b_k/b_c, where b_c is the cost coefficient and
b_k is the coefficient for attribute x_k. It uses one of three
methods: the delta method, Fieller's method or the Krinsky Robb
(parametric bootstrap) method.
To install the package type -ssc install wtp-.
Comments, suggestions and bug reports are welcome.
Best wishes,
Arne
Arne Risa Hole
Research Fellow
Centre for Health Economics
Alcuin 'A' Block
University of York
York YO10 5DD
UK
Tel: +44 (0)1904 321404
Email: [email protected]
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