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Using Choice Experiments for Non-Market Valuation

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Author Info
Alpizar, Francisco (Department of Economics, School of Economics and Commercial Law, Göteborg University)
Carlsson, Fredrik () (Department of Economics, School of Economics and Commercial Law, Göteborg University)
Martinsson, Peter () (Department of Economics, School of Economics and Commercial Law, Göteborg University)

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Abstract

This paper provides the latest research developments in the method of choice experiments applied to valuation of non-market goods. Choice experiments, along with the, by now, well-known contingent valuation method, are very important tools for valuing non-market goods and the results are used in both cost-benefit analyses and litigations related to damage assessments. The paper should provide the reader with both the means to carry out a choice experiment and to conduct a detailed critical analysis of its performance in order to give informed advice about the results. A discussion of the underlying economic model of choice experiments is incorporated, as well as a presentation of econometric models consistent with economic theory. Furthermore, a detailed discussion on the development of a choice experiment is provided, which in particular focuses on the design of the experiment and tests of validity. Finally, a discussion on different ways to calculate welfare effects is presented.

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File URL: http://hdl.handle.net/2077/2859
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Publisher Info
Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number 52.

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Length: 37 pages
Date of creation: 19 Jun 2001
Date of revision:
Publication status: Published in Economic Issues, 2003, pages 83-110.
Handle: RePEc:hhs:gunwpe:0052

Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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For technical questions regarding this item, or to correct its listing, contact: (Jens Anmark).

Related research
Keywords: Choice experiments; non- market goods; stated preference methods; valuation;

Other versions of this item:

Find related papers by JEL classification:
D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

References listed on IDEAS
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Carlsson, Fredrik & Frykblom, Peter & Lagerkvist, Carl-Johan, 2004. "Consumer benefits of labels and bans on genetically modified food - An empirical analysis using Choice Experiments," Working Papers in Economics 129, Göteborg University, Department of Economics. [Downloadable!]
    Other versions:
  2. Högberg, Martina, 2007. "Eco-driving? A discrete choice experiment on valuation of car attributes," Working Papers 2007:13, Swedish National Road & Transport Research Institute (VTI). [Downloadable!]
  3. Carlsson, Fredrik & Martinsson, Peter, 2004. "Does it Matter When a Power Outage Occurs? - A Choice Experiment Study on the Willingness to Pay to Avoid Power Outages," Working Papers in Economics 155, Göteborg University, Department of Economics. [Downloadable!]
    Other versions:
  4. Carlsson, Fredrik & Frykblom, Peter & Lagerkvist, Carl Johan, 2004. "Consumer willingness to pay for farm animal welfare - transportation of farm animals to slaughter versus the use of mobile abattoirs," Working Papers in Economics 149, Göteborg University, Department of Economics. [Downloadable!]
  5. Carlsson, Fredrik & Lampi, Elina & Martinsson, Peter, 2004. "Measuring marginal values of noise disturbance from air traffic: Does the time of the day matter?," UmeÃ¥ Economic Studies 627, Umeå University, Department of Economics. [Downloadable!]
    Other versions:
  6. Carlsson, Fredrik & Frykblom, Peter & Lagerkvist, Carl-Johan, 2004. "Preferences With and Without Prices - does the price attribute affect behavior in stated preference surveys?," Working Papers in Economics 150, Göteborg University, Department of Economics. [Downloadable!]
    Other versions:
  7. Teratanavat, Ratapol & Hooker, Neal, 2005. "Exploring Consumer Valuation and Preference Heterogeneity for Functional Foods Using a Choice Experiment: A Case Study of Tomato Juice Containing Soy in Ohio," 2005 Annual meeting, July 24-27, Providence, RI 19556, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  8. Merz, Carina, 2008. "Monetaere Bewertung der Netzzuverlaessigkeit fuer eine effiziente Qualitaetsanreizregulierung," EWI Working Papers 2008-1, Energiewirtschaftliches Institut an der Universitaet zu Koeln. [Downloadable!]
  9. Marit E Kragt & Jeff Bennett, . "What’s appropriate? Investigating the Effects of Attribute Level Framing and Changing Cost Levels in Choice Experiments," Environmental Economics Research Hub Research Reports 0917, Environmental Economics Research Hub, Crawford School, Australian National University. [Downloadable!]
  10. Fredrik Carlsson & Peter Frykblom & Carl-Johan Lagerkvist, 2004. "Consumer Benefits of Labels and Bans on GMO Foods: An Emprical Analysis Using Choice Experiments," Working Papers 04-02, Department of Economics, Appalachian State University. [Downloadable!]
  11. Abou-Ali, Hala & Carlsson, Fredrik, 2004. "Evaluating the welfare effects of improved water quality using the choice experiment method," Working Papers in Economics 131, Göteborg University, Department of Economics. [Downloadable!]
  12. Adam Finn & Stuart McFadyen & Colin Hoskins, 2003. "Valuing the Canadian Broadcasting Corporation," Journal of Cultural Economics, Springer, vol. 27(3), pages 177-192, November. [Downloadable!] (restricted)
  13. Carlsson, Fredrik & Frykblom, Peter & Lagerkvist, Carl-Johan, 2003. "Farm Animal Welfare - testing for market failure," Working Papers in Economics 119, Göteborg University, Department of Economics. [Downloadable!]
    Other versions:
  14. Carlsson, Fredrik & Kataria, Mitesh, 2006. "Assessing management options for weed control with demanders and non-demanders in a choice experiment," Working Papers in Economics 208, Göteborg University, Department of Economics. [Downloadable!]
    Other versions:
  15. Nganje, William & Hearne, Robert & Orth, Michael & Gustafson, Cole, 2004. "Using Choice Experiments To Elicit Farmers Preferences? For Crop And Health Insurance," 2004 Annual meeting, August 1-4, Denver, CO 20357, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  16. Alpizar, Francisco & Carlsson, Fredrik, 2001. "Policy Implications and Analysis of the Determinants of Travel Mode Choice: An Application of Choice Experiments to Metropolitan Costa Rica," Working Papers in Economics 56, Göteborg University, Department of Economics. [Downloadable!]
    Other versions:
  17. Wachenheim, Cheryl J. & Nganje, William E. & Kaitibie, Simeon & Johnston, Gretchen, 2005. "Consumer Willingness to Pay for Breads Marketed as "Low-Carbohydrate"," 2005 Annual meeting, July 24-27, Providence, RI 19428, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  18. Young-Chool Choi & Sang-Yeup Lee, 2006. "Estimating the Costs and Benefits of Local Government Reorganisation: A Case of Korea," ERSA conference papers ersa06p206, European Regional Science Association. [Downloadable!]
  19. Danny Campbell & W. George Hutchinson & Riccardo Scarpa, 2006. "Lexicographic Preferences in Discrete Choice Experiments: Consequences on Individual-Specific Willingness to Pay Estimates," Working Papers 2006.128, Fondazione Eni Enrico Mattei. [Downloadable!]
  20. Marit Kragt & Jeff Bennett, 2008. "Designing Choice Experiments to Test for Anchoring and Framing Effects," Environmental Economics Research Hub Research Reports 0810, Environmental Economics Research Hub, Crawford School, Australian National University. [Downloadable!]
  21. Junyi Shen & Tatsuyoshi Saijo, 2007. "Does energy efficiency label alter consumersf purchase decision? A latent class approach on Shanghai data," OSIPP Discussion Paper 07E005, Osaka School of International Public Policy, Osaka University. [Downloadable!]
  22. Joseph Cook, 2007. "Reliability Of Stated Preferences For Cholera And Typhoid Vaccines With Time To Think In Hue, Vietnam," EEPSEA Special and Technical Paper sp200701s1, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 2007. [Downloadable!]
  23. Eggert, Håkan & Olsson, Björn, 2004. "Heterogeneous preferences for marine amenities: A choice experiment applied to water quality," Working Papers in Economics 126, Göteborg University, Department of Economics. [Downloadable!]
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