The presence of hypothetical bias in stated preference methods has led many researchers to look for methods to ameliorate the bias. This paper investigates the use of a consequentiality question to calibrate stated preference data from a controlled laboratory experiment using a choice...

Climate variability, population growth and persistent droughts present water managers with challenges in allocating ever scarcer water resources. Water marketing intuitions that allow for the temporary transfer of water between water users can provide water managers and users with the ability to...

Due to the persistence of hypothetical bias in contingent valuation, some researchers have turned to choice experiments to value the multi-dimensions of non-marketed goods that may not be as prone to the bias. The recent empirical studies of choice experiments have found it may also be prone to...