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Three Essays On Contingent Valuation, Samuel Zapata Raudales

All Dissertations

Contingent valuation (CV), a survey-based method, is widely used by researchers and government agencies to assess the value of those goods or services whose market price is not well defined. This dissertation comprises three essays analyzing and extending the theoretical foundations, estimation methods and empirical applications of the CV method. The first and second essay focuses on producers' willingness to pay for novel inputs or technologies. The first essay analyzes the theoretical underpinnings of producer WTP for new inputs. In addition to conceptualizing the producer WTP function, I derived its comparative statics and show how these properties can be used …