Abstract

The R package DCchoice is designed to mitigate programing-related barriers to the application of dichotomous choice contingent valuation (DCCV) methods in empirical studies. Since its release in 2014, DCchoice has been updated. This paper introduces the current version of DCchoice which supports single-, one-and-one-half-, and double-bounded DCCVs, with and without a spike. Additionally, the willingness-to-pay and its confidence intervals can be calculated for a representative respondent as well as for a user-defined specific respondent using the current version. The associated web tutorial and R Commander plug-in for basic usage of DCchoice are also available. DCchoice has advanced DCCV applications in various fields.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call