I' m looking for estimation of WTA instead of WTP, that frequently used in studies. In fact I want to estimate the minimum compensation payment that local people are willing to accept for lose their access to mangrove forest due to protection scenarios.
I' m trying to analyze a dataset with one starting value as part of the CVM study. I have used the double bounded dichotomous method and have succefully installed the doubleb command. In order to estimate WTA, the bid2 (t2) is lower bid when answer1 (answer to initial bid) is equal to 1( i. e. local people have positive response to initial bid for accept as compensation) , and vice versa (conversely in WTP estimation).
However, when I attempt to use the program with my dataset, Stata returns the following error:
doubleb bid1 bid2 answer1 answer2
There is an inconsistency in at least one of your observations.
Check for situations where the response to the first question is yes but the second bid is lower t
> han the first
or for situations where the response to the first question is no but the second bid is higher than
> the first.
After solving this issue try the command again.
r(498);
My dataset contains no missing values. There are one bid1 values and 2 different bid2 values . answer1 and answer2 are just
dummy variables.