Price vector effects in choice experiments

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

doi:10.1016/j.reseneeco.2004.11.001

Price vector effects in choice experiments

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

Economics

Research output: Contribution to journal › Article › peer-review

95 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.

Original language	English
Pages (from-to)	227-234
Number of pages	7
Journal	Resource and Energy Economics
Volume	27
Issue number	3
DOIs	https://doi.org/10.1016/j.reseneeco.2004.11.001
Publication status	Published - Oct 2005

Keywords

choice modelling
non-market valuation
design effects
water framework directive

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10.1016/j.reseneeco.2004.11.001

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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.",

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KW - choice modelling

KW - non-market valuation

KW - design effects

KW - water framework directive

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JO - Resource and Energy Economics

JF - Resource and Energy Economics

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Price vector effects in choice experiments

Abstract

Keywords

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