Adamowicz, V. and Hanley, N. and Wright, R.E. (2005) Price vector effects in choice experiments. Resource and Energy Economics, 27 (3). pp. 227-234. ISSN 0928-7655
Full text not available in this repository. (Request a copy from the Strathclyde author)Official URL: http://dx.doi.org/10.1016/j.reseneeco.2004.11.001
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.
| Item type: | Article |
|---|---|
| ID code: | 6922 |
| Keywords: | choice modelling, non-market valuation, design effects, water framework directive, Economic Theory, Environmental Sciences |
| Subjects: | Social Sciences > Economic Theory Geography. Anthropology. Recreation > Environmental Sciences |
| Department: | Strathclyde Business School > Economics |
| Related URLs: | |
| Depositing user: | Strathprints Administrator |
| Date Deposited: | 30 Sep 2008 |
| Last modified: | 12 Mar 2012 10:46 |
| URI: | http://strathprints.strath.ac.uk/id/eprint/6922 |
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