Valuing Access to our Public Lands: A Unique Public Good Pricing Experiment



Table 6. Information Used in Solving for the Internal Hypothetical Bias Factor from Equation (13)

Estimate

RDD Sample

NPF Sample

Δ

0.136

0.126

σ

1.014

0.561

X ,β

3.748

4.536

Equation (13):

Δ = Φ(∙1 (X β + δ - ln($65))) - Φ(∙1 (X β- ln($65)))
_____σ________________σ______________________

δ

0.357                                0.261

exp(δ)

1.430                                  1.298

Notes. Φ ≡ standard normal cumulative distribution function.

31



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