Comparing benefit estimates from travel cost and contingent valuation using confidence intervals for Hicksian welfare measures

1991 ◽  
Vol 23 (11) ◽  
pp. 1725-1731 ◽  
Author(s):  
John Loomis ◽  
Michael Creel ◽  
Timothy Park
Keyword(s):  
Contingent Valuation ◽  
Confidence Intervals ◽  
Travel Cost ◽  
Welfare Measures ◽  
Hicksian Welfare

Estimating Four Hicksian Welfare Measures for a Public Good: A Contingent Valuation Investigation

2000 ◽  
Vol 76 (3) ◽  
pp. 355 ◽  
Author(s):  
Ian J. Bateman ◽  
Ian H. Langford ◽  
Alistair Munro ◽  
Chris Starmer ◽  
Robert Sugden
Keyword(s):  
Contingent Valuation ◽  
Public Good ◽  
Welfare Measures ◽  
Hicksian Welfare

scholarly journals Hicksian Welfare Measures and the Normative Endowment Effect

2010 ◽  
Vol 2 (4) ◽  
pp. 171-194 ◽  
Author(s):  
Thomas A Weber
Keyword(s):  
Utility Function ◽  
Sufficient Conditions ◽  
Endowment Effect ◽  
Indirect Utility ◽  
Compensating Variation ◽  
Equivalent Variation ◽  
Indirect Utility Function ◽  
Welfare Measures ◽  
Empirical Implications ◽  
Hicksian Welfare

We show that the Hicksian welfare measures of compensating variation and equivalent variation coincide if one of them is evaluated at a compensated income. The measures are nondecreasing in income if the varied attribute and income are complementary, and indirect utility is concave in income. Income monotonicity implies the normative endowment effect, where the equivalent variation exceeds the compensating variation. We provide sufficient conditions for the normative endowment effect and discuss empirical implications. In the global absence of a strict (anti-) endowment effect, both Hicksian welfare measures must be independent of income and the indirect utility function additively separable in income. (JEL D11, D63)

Consistency in Mixed Demand Systems: Contingent Valuation and Travel Cost Data

2004 ◽  
Vol 86 (2) ◽  
pp. 444-454 ◽  
Author(s):  
Maria A. Cunha‐e‐Sá ◽  
Maria M. Ducla‐Soares ◽  
Luís C. Nunes ◽  
Philippe Polomé
Keyword(s):  
Contingent Valuation ◽  
Travel Cost ◽  
Cost Data ◽  
Demand Systems
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