Journal ArticleDOI
Choice modelling approaches: a superior alternative for environmental valuation?
TLDR
In this paper, the authors examine some popular choice modelling approaches to environmental valuation, which can be considered as alternatives to more familiar valuation techniques based on stated preferences such as the contingent valuation method.Abstract:
In this paper, we examine some popular ‘choice modelling’ approaches to environmental valuation, which can be considered as alternatives to more familiar valuation techniques based on stated preferences such as the contingent valuation method. A number of choice modelling methods are consistent with consumer theory, and its focus on an attribute-based theory of value permits a superior representation of many environmental management contexts. However, choice modelling surveys can place a severe cognitive burden upon respondents and induce satisficing rather than maximising behavioural patterns. In this framework, we seek to identify the best available choice modelling alternative and investigate its potential to ‘solve’ some of the major biases associated with standard contingent valuation. We then discuss its use in the light of policy appraisal needs within the EU. An application to the demand for rock climbing in Scotland is provided as an illustration.read more
Citations
More filters
Journal ArticleDOI
Conducting discrete choice experiments to inform healthcare decision making: a user's guide.
Emily Lancsar,Jordan J. Louviere +1 more
TL;DR: If appropriately designed, implemented, analysed and interpreted, DCEs offer several advantages in the health sector, the most important of which is that they provide rich data sources for economic evaluation and decision making, allowing investigation of many types of questions, some of which otherwise would be intractable analytically.
Journal ArticleDOI
Contemporary Guidance for Stated Preference Studies
Robert J. Johnston,Kevin J. Boyle,Wiktor L. Adamowicz,Jeffrey Bennett,Roy Brouwer,Trudy Ann Cameron,W. Michael Hanemann,Nick Hanley,Mandy Ryan,Riccardo Scarpa,Roger Tourangeau,Christian A. Vossler +11 more
TL;DR: In this paper, the authors present a set of guidelines for stated preference studies that are more comprehensive than those of the original National Oceanic and Atmospheric Administration (NOAA) Blue Ribbon Panel on contingent valuation, and reflect the two decades of research since that time.
BookDOI
Using discrete choice experiments to value health and health care
TL;DR: Using Discrete Choice Experiments to Value Health and Health Care takes a fresh and contemporay look at the growing interest in the development and application of discrete choice experiments (DCEs) within the field of health economics.
Journal ArticleDOI
The state of the art of environmental valuation with discrete choice experiments
TL;DR: A review of the state of the art of environmental valuation with discrete choice experiments (DCEs) can be found in this article, where a survey and experimental design, econometric analysis of choice data and welfare analysis are discussed.
Journal ArticleDOI
Valuing the attributes of renewable energy investments
TL;DR: In this article, the authors estimate the magnitude of these external costs and benefits for the case of renewable technologies in Scotland, a country which has set particularly ambitious targets for expanding renewable energy.
References
More filters
Book ChapterDOI
A New Approach to Consumer Theory
TL;DR: In this article, the authors extend activity analysis into consumption theory and assume that goods possess, or give rise to, multiple characteristics in fixed proportions and that it is these characteristics, not goods themselves, on which the consumer's preferences are exercised.
Journal ArticleDOI
Conjoint Analysis in Consumer Research: Issues and Outlook
Paul E. Green,V. Srinivasan +1 more
TL;DR: In this paper, the authors discuss various issues involved in implementing conjoint analysis and describe some new technical developments and application areas for the methodology, which has been applied to a wide variety of problems in consumer research.
Journal ArticleDOI
On Approximating the Statistical Properties of Elasticities
Itzhak Krinsky,A. Leslie Robb +1 more
Journal ArticleDOI
Valuing public goods: The purchase of moral satisfaction
Daniel Kahneman,Jack L. Knetsch +1 more
TL;DR: Contingent valuation surveys in which respondents state their willingness to pay (WTP) for public goods are coming into use in costbenefit analyses and in litigation over environmental losses.
Journal ArticleDOI
Recreation Demand Models with Taste Differences Over People
TL;DR: In this article, the authors estimate random-parameter logit models of anglers' choice of fishing site, which generalize logit by allowing coefficients to vary randomly over anglers rather than being fixed.