Modeling zero response data from willingness to pay surveys: A semi-parametric estimation

  • Yoo S
  • Kim T
  • Lee J
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Abstract

This paper models zero response data from willingness to pay surveys by employing parametric and semi-parametric estimation methods. The result of the specification test indicates the semi-parametric estimation outperforms the parametric estimation significantly.

Author-supplied keywords

  • C24
  • Symmetrically trimmed least squares
  • Willingness to pay
  • Zero response

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