Willingness-to‐pay (WTP) estimates derived from discrete‐choice experiments (DCEs) generally assume that the marginal utility of income is constant. This assumption is consistent with theoretical expectations when costs are a small fraction of total income. We analyze the results of five...

For optimal solutions in health care, decision makers inevitably must evaluate trade-offs, which call for multiattribute valuation methods. Researchers have proposed using best-worst scaling (BWS) methods which seek to extract information from respondents by asking them to identify the best and...

Best-worst scaling (BWS), also known as maximum-difference scaling, is a multiattribute approach to measuring preferences. BWS aims at the analysis of preferences regarding a set of attributes, their levels or alternatives. It is a stated-preference method based on the assumption that...

For optimal solutions in health care, decision makers inevitably must evaluate trade-offs, which call for multiattribute valuation methods. Researchers have proposed using best-worst scaling (BWS) methods which seek to extract information from respondents by asking them to identify the best and...

Best-worst scaling (BWS), also known as maximum-difference scaling, is a multiattribute approach to measuring preferences. BWS aims at the analysis of preferences regarding a set of attributes, their levels or alternatives. It is a stated-preference method based on the assumption that...

An important methodological issue in stated-preference (SP) experiments is the inclusion and format of an opt-out option. A split-sample design is used in a saltwater angling SP survey to test how including a "no-trip" option influences attribute salience relative to an option that allows...

This paper reports on results for a graded-pair comparison questionnaire where respondents rate pairs of Pacific Northwest salmon preservation options. Each of the preservation options includes the number of jobs lost and the level of salmon preserved. Ordered-probit analysis is used to estimate...

This paper reports the first test of how exogenous health shocks impact people's longevity expectations. The analysis exploits the panel structure of the Health and Retirement Study and tests whether smokers, former smokers and those who never smoked react differently to serious, smoking related...

Economists have long been faced with the challenge of valuing goods and services that are not traded in markets. A variety of multiple-response stated-preference (SP) methods, which evolved independently in the area of consumer market research, also have been applied to nonmarket-valuation...

The economic analysis of many health policies requires an evaluation of the benefits of programs that may prolong human lives. This paper makes significant contributions toward developing credible values for longevity, including demonstrating the feasibility of applying SP market-research...