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There is a growing literature on the design and use of stated choice experiments. Analysts have developed sophisticated ways of analysing such data, using a form of discrete choice model to identify the marginal (dis)utility associated with observed attributes linked to an alternative, as well...
Persistent link: https://www.econbiz.de/10010623928
In this study we have addressed appropriate modelling of heterogeneity in willingness to pay (WTP) for environmental goods, and have demonstrated its importance using a case of forest access in Denmark. We compared WTP distributions for four models: (1) a multinomial logit model, (2) a mixed...
Persistent link: https://www.econbiz.de/10010953283
In this paper we exploit a choice experiment modelling framework to estimate the potential non-market welfare impacts of a number of hypothetical rural Irish landscape types that could become real by the year 2030, depending both on future agricultural policy reform and changing land use...
Persistent link: https://www.econbiz.de/10010623895
Choice experiments are often implemented with choice sets including one alternative depicting the status quo. Utility from status quo is experienced by the respondent, while utility associated with experimentally designed hypothetical alternatives is only conjectured by respondents. The effects...
Persistent link: https://www.econbiz.de/10009222604