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Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...
Persistent link: https://www.econbiz.de/10009446025
The incentives that motivate respondents to reveal their preferences truthfully havebeen a long-standing area of research in the non-market valuation literature. Anumber of studies have been undertaken to investigate incentive compatibility in nonmarketvaluation. Most of these used laboratory...
Persistent link: https://www.econbiz.de/10009446028
According to neoclassical economic theory, the only stated preferenceelicitation format that can feasibly be employed in field studies to which truthful responsecan be the dominant strategy for all respondents is a single binary choice between thestatus quo and one alternative. In studies where...
Persistent link: https://www.econbiz.de/10009446029
An elicitation format prevalently applied in DCE is to offer each respondent a sequenceof choice tasks containing more than two choice options. However, empirical evidenceindicates that repeated choice tasks influence choice behavior through institutionallearning, fatigue, value learning, and...
Persistent link: https://www.econbiz.de/10009446038
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The Contingent Valuation Method (CVM) has been strongly criticised in Australia following two prominent applications. The aims in this paper are to review these criticisms and to demonstrate how, through an application of the method, these potential problems were addressed. The results of the...
Persistent link: https://www.econbiz.de/10005330602
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The results from seven choice modelling applications designed to value improved river health in New South Wales are reported. These applications were designed to provide value estimates that could be used, through benefit transfer, to value improvements in the health of other rivers within the...
Persistent link: https://www.econbiz.de/10009398544
Choice modelling, a non‐market valuation technique, is used to explore framing issues in the context of environmental valuations. Choice modelling appears to have promise in simultaneously valuing a pool of substitute amenities and goods. Describing choices according to component attributes...
Persistent link: https://www.econbiz.de/10009398560
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