Price vector effects in choice experiments

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

Research output: Contribution to journalArticle

83 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 languageEnglish
Pages (from-to)227-234
Number of pages7
JournalResource and Energy Economics
Volume27
Issue number3
DOIs
Publication statusPublished - Oct 2005

Keywords

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

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