Showing 1 - 7 of 7
This paper investigates the sensitivity of choice experiment values for ecosystem services to "attribute non-attendance". We consider three cases of attendance, namely that people may always, sometimes or never pay attention to a given attribute in making their choices. This allows a series of...
Persistent link: https://www.econbiz.de/10009421449
Integrated Conservation and Development Plans (ICDPs) have been put forward as means of reconciling wildlife conservation in developing countries with improvements in community incomes. In this paper, we use the Choice Experiment approach to quantify overseas tourists' willingness to pay for...
Persistent link: https://www.econbiz.de/10005748770
Stated choice models based on the random utility framework are becoming increasingly popular in the applied economics literature. The need to account for respondents' preference heterogeneity in such models has motivated researchers in agricultural, environmental, health and transport economics...
Persistent link: https://www.econbiz.de/10005748774
Despite the vital role of utility functional form in welfare measurement, the implications of working with incorrect utility specifications have not been examined in the choice experiments (CE) literature. This paper addresses the importance of the specification of both non-monetary attributes...
Persistent link: https://www.econbiz.de/10005586863
Recent work by Kahneman and others has led to a new focus in economics on a wellbeing-based approach to utility. This suggests that ‘experienced utility' is an alternative and more appropriate basis for the measurement of economic value compared with ‘decision utility'. In this paper, we...
Persistent link: https://www.econbiz.de/10008831613
Despite the vital role of the utility function in welfare measurement, the implications of working with incorrect utility specifications have been largely neglected in the choice experiments literature. This paper addresses the importance of specification with a special emphasis on the effects...
Persistent link: https://www.econbiz.de/10008831614
A range of empirical approaches to representing preference heterogeneity have emerged in choice modelling. Researchers have been able to explore the differences which selection of a particular approach makes to welfare measures in a particular dataset, and indeed have been able to implement a...
Persistent link: https://www.econbiz.de/10008838306