Table 4.

Inferences from the counterfactual distribution

	Kolmogorov-Smirnov test (p value)	Cramer-von-Misses-Smirnov (p value)
Comparison of WTP model specification (H0 = correct specification)	0.24	0.24
Comparison of WTA model specification (H0 = correct specification)	0.46	0.46
Differences between observed distributions
H0: No effect found, the difference between quantiles is zero for any chosen quantile	< 0.001	< 0.001
H0: the difference between quantiles is constant and equal to the difference between medians	< 0.001	< 0.001
Stochastic dominance (WTA stochastically dominates WTP)	< 0.001	0.020
Inverse stochastic dominance (WTP stochastically dominates WTA)	0.640	0.640