Showing 1 - 6 of 6
According to neoclassical economic theory, a stated preference elicitation format comprising a single binary choice between the status quo and one alternative is incentive compatible under certain conditions. Formats typically used in choice experiments comprising a sequence of discrete choice...
Persistent link: https://www.econbiz.de/10015221923
Underground telecommunications and low-voltage electricity networks have several advantages over overhead networks including reliability of supply, safety and improved visual amenity. The economic viability of replacing existing overhead networks with new underground networks depends on the...
Persistent link: https://www.econbiz.de/10015221924
There is a growing body of evidence in the non-market valuation literature suggesting that responses to a sequence of discrete choice questions tend to violate the assumptions typically made by analysts regarding independence of responses and stability of preferences. Heuristics such as value...
Persistent link: https://www.econbiz.de/10015222072
The Institute of Transport Studies has recently developed a Transportation and EnvironmentStrategy Impact Simulator (TRESIS) as a decision support system to assist planners to predictthe impact of transport strategies and to make recommendations based on those predictions. Akey focus of the...
Persistent link: https://www.econbiz.de/10009480060
Land management in Alpine Parks provides multifunctional services to separate groups of users. Choice experiments can be used to derive estimates of value for different management attributes. However, little research has been conducted on how frequently respondents ignore attributes used to...
Persistent link: https://www.econbiz.de/10009444793
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