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ON THE DERIVATION OF INDIFFERENCE MAPS FOR ESTIMATING CONSUMER'S SURPLUS: REPLY

ON THE DERIVATION OF INDIFFERENCE MAPS FOR ESTIMATING CONSUMER'S SURPLUS: REPLY ON THE DERIVATION OF INDIFFERENCE MAPS FOR ESTIMATING CONSUMER’S i SURPLUS: REPLY J. A. SINDEN University of New England, Armidale, N.S. W. 2351 Kennedy (1980) raises some six questions about the methods I have used to derive indifference maps and estimate benefit values. In order, Kennedy claims (a) that I fail to recognise the assumption of additive utilities in the Ramsey model, (b) that additivity leads to misspecification of the utility scale and (c) that the set of total utility curves should be ver- tically parallel. 1 Kennedy continues with assertions (d) that the procedure developed by Keeney and Raiffa (1976) could be superior and (e) that in- difference curves based on ordinal utility (Kennedy’s proceclure) are suf- ficient. Finally (f), he believes I have misquoted Mishan (1971). His paper is based upon the original journal contribution (Sinden 1974), the preceding monograph (Sinden 1973) with the basic data, the journal article with three further applications (Sinden 1978), a paper reviewing methods of indifference mapping (Sinden and Wyckoff 1976) and my joint book on the valuation of unpriced things (Sinden and Wor- rell 1979). Kennedy does not cite the basic reports underlying the further applications [as for example Sanderson (1974)l http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

ON THE DERIVATION OF INDIFFERENCE MAPS FOR ESTIMATING CONSUMER'S SURPLUS: REPLY

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Publisher
Wiley
Copyright
Copyright © 1980 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1980.tb00585.x
Publisher site
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Abstract

ON THE DERIVATION OF INDIFFERENCE MAPS FOR ESTIMATING CONSUMER’S i SURPLUS: REPLY J. A. SINDEN University of New England, Armidale, N.S. W. 2351 Kennedy (1980) raises some six questions about the methods I have used to derive indifference maps and estimate benefit values. In order, Kennedy claims (a) that I fail to recognise the assumption of additive utilities in the Ramsey model, (b) that additivity leads to misspecification of the utility scale and (c) that the set of total utility curves should be ver- tically parallel. 1 Kennedy continues with assertions (d) that the procedure developed by Keeney and Raiffa (1976) could be superior and (e) that in- difference curves based on ordinal utility (Kennedy’s proceclure) are suf- ficient. Finally (f), he believes I have misquoted Mishan (1971). His paper is based upon the original journal contribution (Sinden 1974), the preceding monograph (Sinden 1973) with the basic data, the journal article with three further applications (Sinden 1978), a paper reviewing methods of indifference mapping (Sinden and Wyckoff 1976) and my joint book on the valuation of unpriced things (Sinden and Wor- rell 1979). Kennedy does not cite the basic reports underlying the further applications [as for example Sanderson (1974)l

Journal

The Australian Journal of Agricultural Resource Economics – Wiley

Published: Dec 1, 1980

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