Accounting for uncertainty in willingness to pay for environmental benefits
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چکیده
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Accounting for Uncertainty in Willingness to Pay for Environmental Benefits
Previous literature on the distribution of willingness to pay has focused on its heterogeneity distribution without addressing exact interval estimation. In this paper we derive and analyze Bayesian confidence sets for quantifying uncertainty in the determination of willingness to pay for carbon dioxide abatement. We use two empirical case studies: household decisions of energy-efficient heatin...
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ژورنال
عنوان ژورنال: Energy Economics
سال: 2014
ISSN: 0140-9883
DOI: 10.1016/j.eneco.2014.03.023