This paper reviews modern techniques for estimating the benefits of goods which are not bought and sold in markets, paying special attention to the kinds of empirical studies that applied economists have faced in analyzing recent projects. The methods which are described and evaluated include...

This working paper concerns the estimation of benefits used in the evaluation of development projects, especially those within public facilities or environmental projects. The estimation of benefits uses a variety of techniques, both contingent valuation and behavioral techniques. Benefit...

Random utility models rely on the properties of the logistic distribution for ease of estimation, but this distribution implies the independence of irrelevant alternatives (IIA). The random parameters logit model offers a means of avoiding the IIA assumption as well as greater heterogeneity...