Newell, Laurie W.; Swallow, Stephen K. - In: Ecological Economics 92 (2013) C, pp. 37-47
We consider the choice experiment approach to valuation, due to its focus on tradeoffs between alternatives. Our study is not hypothetical, but implements a real-payment choice experiment (CE) for a multi-attribute good. We use two real wetland parcels to create over 18 descriptions of parcels...