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Sensitivity to scope in nonmarket valuation refers to the property that people are willing to pay more for a higher quality or quantity of a nonmarket public good. Establishing significant scope sensitivity has been an important check of validity and a point of contention for decades in stated...
Persistent link: https://www.econbiz.de/10012801090
Reported in this paper are the findings from two discrete choice experiments that were carried out to address the value of a number of farm landscape improvement measures within the Rural Environment Protection (REP) Scheme in Ireland. Image manipulation software is used to prepare...
Persistent link: https://www.econbiz.de/10005385331
In discrete choice experiments respondents are generally assumed to consider all of the attributes across each of the alternatives, and to choose their most preferred. However, results in this paper indicate that many respondents employ simplified lexicographic decision-making rules, whereby...
Persistent link: https://www.econbiz.de/10005385518
The assumption of the stability of preferences is a fundamental one in the theory of the consumer. Many papers within the stated preferences literature have tested this assumption, and have found mixed results. Individuals may become more sure of their preferences as they repeat a valuation task...
Persistent link: https://www.econbiz.de/10011084746
Discrete choice experiments (DCE) are increasingly used to quantify the demand for improvements to services provided by regulated utility companies and inform price controls. This form of preference elicitation, however, often reveals a high frequency of status quo (SQ) choices. This may signal...
Persistent link: https://www.econbiz.de/10011185533
Within the discrete choice literature, there is growing recognition that some respondents do not process all attributes when evaluating their choice outcomes. Worryingly, the cost attribute is often among those attributes that are likely to be ignored by respondents. We use probabilistic...
Persistent link: https://www.econbiz.de/10010740045
Discrete choice experiments are increasingly being used to assess preferences for services provided by regulated utilities. A commonly observed tendency of customers to opt for the status quo option may signal unwillingness to trade-off changes in service levels with bills, questioning the...
Persistent link: https://www.econbiz.de/10010877992
The assumption of the stability of preferences is a fundamental one in the theory of the consumer. Many papers within the stated preferences literature have tested this assumption, and have found mixed results. Individuals may become more sure of their preferences as they repeat a valuation task...
Persistent link: https://www.econbiz.de/10010929617
The assumption of the stability of preferences is a fundamental one in the theory of the consumer. Many papers within the stated preferences literature have tested this assumption, and have found mixed results. Individuals may become more sure of their preferences as they repeat a valuation task...
Persistent link: https://www.econbiz.de/10010929630
Most current environmental policy analyses use Value of a Statistical Life (VSL) figures inferred from workplace safety and traffic accident contexts to compute the benefits of environmental programs that avoid premature deaths. There is considerable debate about the appropriateness of this...
Persistent link: https://www.econbiz.de/10011043689