What are the consequences of ignoring attributes in choice experiments? An application to ecosystem service values
AbstractThis paper investigates the sensitivity of choice experiment values for ecosystem services to "attribute non-attendance". We consider three cases of attendance, namely that people may always, sometimes or never pay attention to a given attribute in making their choices. This allows a series of models to be estimated which address the following questions: To what extent do respondents attend to attributes in choice experiments? What is the impact of alternative strategies for dealing with attribute non-attendance? Can respondents self-report non-attendance? Do respondents partially attend to attributes, and what are the implications of this for willingness to pay estimates? Our results show that allowing for the instance of "sometimes attending" to attributes in making choices offers advantages over methods employed thus far in the literature.
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Bibliographic InfoPaper provided by University of Stirling, Division of Economics in its series Stirling Economics Discussion Papers with number 2011-20.
Date of creation: Dec 2011
Date of revision:
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Postal: Division of Economics, University of Stirling, Stirling, Scotland FK9 4LA
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stated preference; ecosystem services; Biodiversity; attribute non-attendance; Choice experiments;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-01 (All new papers)
- NEP-ECM-2012-02-01 (Econometrics)
- NEP-ENV-2012-02-01 (Environmental Economics)
- NEP-EXP-2012-02-01 (Experimental Economics)
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