A Note on Obtaining Welfare Bounds in Referendum Contingent Valuation Studies
Vaughan, William J.; Rodríguez, Diego J.
In this note, the authors detail the mechanics of the nonparametric mean and variance calculations of finding willingness to pay (WTP) estimates. There are (at least) three nonparametric estimators of mean WTP that can be obtained from referendum CV survey data. The logic behind all three nonparametric estimators is the same.