A recent study published by Murphy et al. (2005) reported results of a meta-analysis of hypothetical bias using 28 valuation studies. The authors found a median ratio of hypothetical to actual values of 1.35 but they did not investigate the ratio of variances of the hypothetical and actual value...

In some, but not all, contexts, respondents to stated preference valuation studies state a willingness to pay (WTP) higher than what lab or field experiments indicate is the actual amount they would pay. However, several ex ante survey design strategies and ex post calibration techniques can be...

Traditionally the definition and analysis of household well-being has focused on the main economic measures of income and wealth. However, there is now an increased interest within the wider economic literature in exploring those measures which contribute to household well-being which can extend...

Forest benefits are now commonly understood through the ecosystem service framework. Recreational visits to forests, considered an important cultural service, have been the target of a significant proportion of the non-market valuation literature to date. Such models have evolved from relatively...

Limited economic and physical capacities as well as environmental and economic shocks have constrained the ability of many Nigerian households to feed themselves adequately. This has resulted in these households being faced with food shortages; and they have to adopt various consumption-related...

A series of studies have explored the future intentions of farm households to reforms of the Common Agricultural Policy (CAP). This paper explores the intentions of Scottish livestock farmers under proposed reforms and, using the path dependency model, estimates the effect of past decisions on...

This paper aims at comparing the performance of three conjoint analyses (CA) in terms of estimated partworths, predictive power and estimated WTP: choice experiment (CE); ranking conjoint analysis (RCA) and best-worst scaling (BWS). Comparisons are made in a non-hypothetical setting. For...

An outbreak of foot and mouth disease (FMD) can distort livestock markets. In this paper we have simulated welfare effects due to the risk of a hypothetical FMD outbreak and trade distortions associated with the disease. The analysis was carried out with stochastic dynamic partial-equilibrium...