Showing papers by "Jeffrey Bennett published in 1985"
TL;DR: The indifference curve estimation procedure proposed and used by Sinden to value nonmarketed goods implicitly adopts the assumption that a two-good utility function can be obtained by the simple addition of two single good utility functions as discussed by the authors.
Abstract: The indifference curve estimation procedure proposed and used by Sinden to value nonmarketed goods implicitly adopts the assumption that a two-good utility function can be obtained by the simple addition of two single-good utility functions. The results of two experiments indicate that using the strict additivity assumption is likely to bias the indifference maps so derived. While an alternative nonadditive technique is proposed, it is found that, as with Sinden's technique, it is subject to such a large degree of respondent inconsistency that doubt is cast on the usefulness of the results obtained and on the practicality of this general approach.
5 citations