This report presents an alternative perspective on how respondents consider choice experiment options. Building on the ‘new’ model of consumer demand by Stigler and Becker (1977), the report suggests that the attributes within choice experiments are not valued directly. Rather, they are used...

The introduction of measurement bias in parameter estimates into non-linear discrete choice models, as a result of using factor analysis, was identified by Train et al. (1987). They found that the inclusion of factor scores, used to represent relationships amongst like variables, into a...

Observed and unobserved characteristics of an individual are often used by researchers to explain choices over the provision of environmental goods. One means for identifying what is typically an unobserved characteristic, such as an attitude, is through some data reduction technique, such as...

type="main" xml:id="ajar12031-abs-0001" <p>An extensive literature exists on environmental nonmarket valuation research. It appears that results from these studies should be useful inputs to decision-making about environmental policy or management. Here, we investigate the extent to which this...</p>

Decision makers responsible for the allocation of funds to environmental projects commonly use project scoring metrics that are not consistent with basic economic theory. As a result, there is often a loss of environmental benefits due to poor prioritisation of projects. The magnitudes of these...

The Australian Government’s Carbon Farming Initiative provides carbon credit incentives for farmers to encourage climate change mitigation on agricultural land. In addition to carbon sequestration or reduced emissions, carbon farming activities often generate ancillary benefits, such as...