THE ECONOMETRICS OF NON-MARKET VALUATION
PLEASE NOTE: The data and programs on this page are for teaching and demonstration programs only. Any other uses of the data without prior approval of the authors of the data is prohibited.
Ted McConnell made this data available to us. The Barbados data is used in examples in Chapters 3. A description of the data can be found on page 64.
The data is in an excel file entitled barbados.xls.
There are 426 observations on 5 variables. They are:
YES: =1 if the respondent replied yes to the offered bid, 0 otherwise.
BID: the offered payment
INCOME: household income
CTV: =1 if the respondent had seen the TV program describing the sewer project, 0 otherwise
AGE: respondents age