Cho, Seong-Hoon; Yen, Steven T.; Bowker, James Michael; … - In: Journal of Agricultural and Applied Economics 40 (2008) 01
This study compares an ordered probit model and a Tobit model with selection to take into account both true zero and protest zero bids while estimating the willingness to pay (WTP) for conservation easements in Macon County, NC. By comparing the two models, the ordered/unordered selection issue...