ABSTRACT This paper combines data to estimate the ex-ante recreational impact of oil spills. Using a unique contingent behavior question, our application highlights gains in combining stated and revealed preferences. We consider both reduction available choice set perceived site quality. show that omitting quality leads low welfare losses while alternative specific constants hig...

Knowledge of customer valuation of flight characteristics is important for carriers to decide on service and price levels. It may also be important for regulators to have some knowledge of customer valuation of flight characteristics, as this customer valuation determines to what extent individual flights are substitutes. Furthermore, valuation of characteristics may play a role in infrastructu...

The valuation methods described in this chapter are based on the idea that forest ecosystems produce a wide variety of goods and services that are valued by people. Rather than focusing attention on the holistic value of forest ecosystems as is done in contingent valuation studies, attribute-based valuation methods (ABMs) focus attention on a set of attributes that have management or policy rel...

In this study we develop and test an econometric model for combining choice and preference ratings data collected from the same set of individuals. Choice data are modeled using a multinomial logit framework, while preference data are modeled using an ordered response equation. Individual heterogeneity is allowed for via random coefficients providing a link between the choice and ratings data. ...

Decisions about preservation, protection, or development of environmental “commodities” like ground water, atmospheric visibility, open space, wildlife, wetlands, and forests are often made without good information about the value of preservation relative to the cost. Clearly, the economic cost of preservation is often substantial. The cost of preserving wildlife habitat, for example, often tot...

6 Monte Carlo experiments are used to study the unbiasedness of several common random utility mod7 els for a proposed adaptive stated preference survey. This survey is used to study the influence of the 8 knowledge of existing mode shares on travelers mode choice. Furthermore, the survey is applied to a 9 sample of subjects selected from the University of Minnesota. The results indicate that th...