Determinants of willingness-to-pay for water pollution abatement: a point and interval data payment card application

Abstract

This paper shows a contingent valuation exercise of pollution abatement in remote lakes. In addition to estimating the usual interval data model, it applies a point and interval statistical approach allowing for uncensored data, left-censored data, right-censored data and left- and right-censored data to explore the determinants of willingness-to-pay in a payment card survey. Results suggest that the estimations between models may diverge under certain conditions.