Price search enables consumers to overcome information asymmetries, it can lead to a reduction in price dispersion and it can increase consumer surplus, but search is costly. In this paper, an internet survey is conducted among a random sample of 490 drivers in the State of Ohio to answer the...

Among consumers there is an increasing interest and concern about the ways food is produced. This calls for the poultry industry to differentiate their products and production methods to directions valued by the consumers. In this study we use choice experiment to analyse the importance of...

Consumer’s preferences for cured ham are investigated with conjoint analysis. A mixed rank-ordered logitmodel which allows the investigation for heterogeneous preferences and its sources is estimated. In particular, weanalyse to what extent consumers’ socio-demographic traits affect their...

Researchers are seeking effective, low cost means of gathering high quality data. Technological advancements offer new avenues for achieving this objective. Web based surveys are relatively common outside the economics discipline however applied non-market valuation practitioners have been slow...

Peaches with PDO Calanda are one of the 20 fruits with PDO existing in Spain. The aim of this work is tounderstand how consumers make their choices based on the most important peaches’ attributes and levels. In thiswork, 4 attributes with 3 levels in each attribute have been considered (price:...

According to neoclassical economic theory, a stated preference elicitationformat comprising a single binary choice between the status quo and one alternative isincentive compatible under certain conditions. Formats typically used in choiceexperiments comprising a sequence of discrete choice...

There is a growing body of evidence in the non-market valuation literaturesuggesting that responses to a sequence of discrete choice questions tend to violate theassumptions typically made by analysts regarding independence of responses andstability of preferences. Heuristics such as value...

Benefit transfer entails using estimates of non-market values derived at one site as approximations to benefits at other sites. The method finds favour because it can be applied quickly and cheaply, however the validity of benefit transfer is frequently questioned. Published studies generally...

Stated preference approaches are widely used in non-market valuation. However, their potential uses extend far beyond valuation. In particular they can be used to assess efficiency of resource allocations and to design optimal resource allocations. Changes to the government budget were evaluated...

Experimental auction and discrete choice experiment are two popular value elicitation methods.Theoretically they should yield the same results but empirical results have been mixed (e.g.,Lusk and Schroeder 2004, 2006; Corrigan et al. 2010.) This study uses both methods todetermine consumers’...