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Price vector effects in choice experiments

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

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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.

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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