Price vector effects in choice experiments

V. Adamowicz, N. Hanley, R.E. Wright

Research output: Contribution to journalArticle

80 Citations (Scopus)

Abstract

This paper investigates whether the preference and willingness-to-pay estimates obtained from the choice experiment method of estimating non-market values are sensitive to the vector of prices used in the experimental design. We undertake this test in the context of water quality improvements under the European Union's new Water Framework Directive. Using a mixed logit model, which allows for differing scale between the two samples, we find no significant impact of changing the price vector on estimates of preferences or willingness-to-pay.
LanguageEnglish
Pages227-234
Number of pages7
JournalResource and Energy Economics
Volume27
Issue number3
DOIs
Publication statusPublished - Oct 2005

Fingerprint

Willingness-to-pay
Choice experiment
Mixed logit model
Water Framework Directive
European Union
Experimental design
Nonmarket values
Quality improvement
Water quality

Keywords

  • choice modelling
  • non-market valuation
  • design effects
  • water framework directive

Cite this

Adamowicz, V. ; Hanley, N. ; Wright, R.E. / Price vector effects in choice experiments. In: Resource and Energy Economics. 2005 ; Vol. 27, No. 3. pp. 227-234.
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Price vector effects in choice experiments. / Adamowicz, V.; Hanley, N.; Wright, R.E.

In: Resource and Energy Economics, Vol. 27, No. 3, 10.2005, p. 227-234.

Research output: Contribution to journalArticle

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