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Aggregation Biases in Stated Preference Studies

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  • Morrison, Mark
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    Abstract

    Stated preference studies are often used to provide estimates of non-market values for cost-benefit analysis. Applications of these techniques have been criticised because of the hypothetical nature of the surveys and the possibility of bias. Various types of bias have been cited including strategic, payment vehicle, starting point, interviewer and others. However, one type of bias that has received limited attention, but has the potential to have substantial impacts on value estimates, is that associated with aggregation. In this paper the theoretical basis for aggregation is explored, and alternative approaches for aggregation are trialed. It is demonstrated that the choices made by researchers at this stage of the value estimation process can significantly affect the estimates that are to be used in cost-benefit analyses. Copyright 2000 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Australian Economic Papers.

    Volume (Year): 39 (2000)
    Issue (Month): 2 (June)
    Pages: 215-30

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    Handle: RePEc:bla:ausecp:v:39:y:2000:i:2:p:215-30

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    Cited by:
    1. Baker, Rick & Ruting, Brad, 2014. "Environmental Policy Analysis: A Guide to Non‑Market Valuation," 2014 Conference (58th), February 4-7, 2014, Port Maquarie, Australia 165810, Australian Agricultural and Resource Economics Society.
    2. Gillespie, Robert & Bennett, Jeffrey W., 2010. "Non Use Economic Values of Marine Protected Areas in the South-West Marine Region," Research Reports 107582, Australian National University, Environmental Economics Research Hub.
    3. Efthymiou, Dimitrios & Antoniou, Constantinos & Waddell, Paul, 2013. "Factors affecting the adoption of vehicle sharing systems by young drivers," Transport Policy, Elsevier, vol. 29(C), pages 64-73.
    4. Mike Young, 1999. "Costing Dust: How much does wind erosion cost the people of South Australia?," Natural Resource Management Economics 99_001, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    5. Coldren, Gregory M. & Koppelman, Frank S., 2005. "Modeling the competition among air-travel itinerary shares: GEV model development," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(4), pages 345-365, May.
    6. Bateman, Ian J. & Day, Brett H. & Georgiou, Stavros & Lake, Iain, 2006. "The aggregation of environmental benefit values: Welfare measures, distance decay and total WTP," Ecological Economics, Elsevier, vol. 60(2), pages 450-460, December.
    7. Fogliatto, Flavio S. & da Silveira, Giovani J.C., 2008. "Mass customization: A method for market segmentation and choice menu design," International Journal of Production Economics, Elsevier, vol. 111(2), pages 606-622, February.
    8. Josephine Borghi, 2008. "Aggregation rules for cost-benefit analysis: a health economics perspective," Health Economics, John Wiley & Sons, Ltd., vol. 17(7), pages 863-875.
    9. Robert Gillespie & Jeff Bennett, 2011. "Non Use Economic Values of Marine Protected Areas in the South-West Marine Area," Environmental Economics Research Hub Research Reports 10103, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
    10. Tait, Peter R. & Baskaran, Ramesh, 2011. "Incorporating Local Water Quality in Welfare Measures of Agri-environmental Policy: A Choice Modelling Approach Employing GIS," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 116074, European Association of Agricultural Economists.
    11. Darla Hatton MacDonald, 2005. "The Value of Habitat and Agriculture," Natural Resource Management Economics 05_001, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    12. Whitten, Stuart M. & Bennett, Jeffrey W., 2004. "A Bio-Economic Model Of Wetland Protection On Private Lands," 2004 Annual meeting, August 1-4, Denver, CO 20122, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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