Abstract Altruistic preferences have been found to be important for explaining the substantial non-use values identified in numerous stated preference surveys. However, studies analysing effect of altruism on willingness pay (WTP) underestimated challenges measuring by measures. We exploit a naturally occurring decision domain investigate role studies. employ novel dataset, collected from an In...

It is often difficult to determine what actually was done in work involving data collected with stated preference surveys because the terms used to describe various procedures have ambiguous and sometimes conflicting meanings. Further, terms used to describe data collection procedures often are confounded with terms used to describe statistical techniques. We call for the use of a common nomenc...

In this article we describe the contingent valuation and behavior methods scenario developed in the 1995 Albemarle-Pamlico Sounds Survey. The survey elicits revealed and stated preference recreation behavior data which are used to estimate the value of water quality improvements [4,8]. The survey elicits willingness to pay data which are used to conduct a split-sample scope test [7]. The data a...

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...