This paper develops a model of demand estimation in which consumers learn about their true preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently...

We present a new Bayesian econometric speci…cation for a hypothetical Discrete Choice Experiment (DCE) incorporating respondent ranking information about attribute impor- tance. Our results indicate that a DCE debrie…ng question that asks respondents to rank the importance of attributes helps...

To achieve water quality targets, management practice change in the sugar cane industry has been a large focus for natural resource management initiatives such as Reef Plan and Reef Rescue. Considerable public funds have been targeted at landholders to change on-ground management practices....