出版社:Suntory Toyota International Centres for Economics and Related Disciplines
摘要:A statistical problem that arises in several fields is that of estimating the
features of an unknown distribution, which may be conditioned on covariates,
using a sample of binomial observations on whether draws from this distribution
exceed threshold levels set by experimental design. Applications include
bioassay and destructive duration analysis. The empirical application we
consider is referendum contingent valuation in resource economics, where one is
interested in features of the distribution of values (willingness to pay) placed
by consumers on a public good such as endangered species. Sample consumers are
asked whether they favor a referendum that would provide the good at a cost
specified by experimental design. This paper provides estimators for moments and
quantiles of the unknown distribution in this problem under both nonparametric
and semiparametric specifications.