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Stated values and reminders of substitute goods: Testing for framing effects with choice modelling

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  • Rolfe, John
  • Bennett, Jeffrey W.
  • Louviere, Jordan

Abstract

Choice modelling, a non‐market valuation technique, is used to explore framing issues in the context of environmental valuations. Choice modelling appears to have promise in simultaneously valuing a pool of substitute amenities and goods. Describing choices according to component attributes can also help to frame choices according to a number of trade‐offs. The statistical information available helps to determine where framing effects have occurred. Three choice modelling experiments were reviewed to show that framing effects may be more widespread in non‐market valuation studies than is commonly thought.

Suggested Citation

  • Rolfe, John & Bennett, Jeffrey W. & Louviere, Jordan, 1997. "Stated values and reminders of substitute goods: Testing for framing effects with choice modelling," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(1), pages 1-20.
    • Handle: RePEc:ags:aareaj:118067
    DOI: 10.22004/ag.econ.118067
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    Cited by:

    1. Carroll, James & Aravena, Claudia & Denny, Eleanor, 2016. "Low energy efficiency in rental properties: Asymmetric information or low willingness-to-pay?," Energy Policy, Elsevier, vol. 96(C), pages 617-629.
    2. John Rolfe & Jill Windle, 2012. "Distance Decay Functions for Iconic Assets: Assessing National Values to Protect the Health of the Great Barrier Reef in Australia," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(3), pages 347-365, November.
    3. Rolfe, John & Loch, Adam & Bennett, Jeffrey W., 2002. "Framing effects and benefit transfer in the Fitzroy basin," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 174038, Australian Agricultural and Resource Economics Society.
    4. Boeri, Marco & Longo, Alberto, 2017. "The importance of regret minimization in the choice for renewable energy programmes: Evidence from a discrete choice experiment," Energy Economics, Elsevier, vol. 63(C), pages 253-260.
    5. Deininger, Klaus & Jin, Songqing, 2006. "Tenure security and land-related investment: Evidence from Ethiopia," European Economic Review, Elsevier, vol. 50(5), pages 1245-1277, July.
    6. Rolfe, John & Windle, Jill & Bennett, Jeffrey W. & Mazur, Kasia, 2013. "Calibration of values in benefit transfer to account for variations in geographic scale and scope: Comparing two choice modelling experiments," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152176, Australian Agricultural and Resource Economics Society.
    7. Jeff Bennett, 2005. "Australasian environmental economics: contributions, conflicts and ‘cop‐outs’," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(3), pages 243-261, September.
    8. Marit Kragt & Jeffrey Bennett, 2012. "Attribute Framing in Choice Experiments: How Do Attribute Level Descriptions Affect Value Estimates?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(1), pages 43-59, January.
    9. Falck-Zepeda, José & Kilkuwe, Enoch & Wesseler, Justus, 2008. "Introducing a genetically modified banana in Uganda: Social benefits, costs, and consumer perceptions," IFPRI discussion papers 767, International Food Policy Research Institute (IFPRI).
    10. Catalina M. Torres Figuerola & Antoni Riera Font, 2009. "Defining environmental attributes as external costs in choice experiments: A discussion," CRE Working Papers (Documents de treball del CRE) 2009/1, Centre de Recerca Econòmica (UIB ·"Sa Nostra").
    11. Robert W. Turner & Blake Willmarth, 2014. "Valuation of Cultural and Natural Resources in North Cascades National Park," SAGE Open, , vol. 4(2), pages 21582440145, April.
    12. Remoundou, Kyriaki & Kountouris, Yiannis & Koundouri, Phoebe, 2012. "Is the value of an environmental public good sensitive to the providing institution?," Resource and Energy Economics, Elsevier, vol. 34(3), pages 381-395.
    13. Jacobsen, Jette Bredahl & Lundhede, Thomas Hedemark & Martinsen, Louise & Hasler, Berit & Thorsen, Bo Jellesmark, 2011. "Embedding effects in choice experiment valuations of environmental preservation projects," Ecological Economics, Elsevier, vol. 70(6), pages 1170-1177, April.
    14. Rolfe, John & Windle, Jill, 2008. "Testing for differences in benefit transfer values between state and regional frameworks," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(2), pages 1-20.
    15. Windle, Jill & Rolfe, John, 2014. "Valuation framing and attribute scope variation in a choice experiment to asses the impacts of changing land use from agriculture to mining," 2014 Conference (58th), February 4-7, 2014, Port Macquarie, Australia 165888, Australian Agricultural and Resource Economics Society.
    16. Bujosa, Angel & Torres, Cati & Riera, Antoni, 2018. "Framing Decisions in Uncertain Scenarios: An Analysis of Tourist Preferences in the Face of Global Warming," Ecological Economics, Elsevier, vol. 148(C), pages 36-42.
    17. Joan Mogas & Pere Riera & Raul Brey, 2009. "Combining Contingent Valuation and Choice Experiments. A Forestry Application in Spain," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(4), pages 535-551, August.
    18. De Valck, Jeremy & Vlaeminck, Pieter & Liekens, Inge & Aertsens, Joris & Chen, Wendy & Vranken, Liesbet, 2012. "The sources of preference heterogeneity for nature restoration scenarios," Working Papers 146522, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    19. Pek, Chuen Khee & Othman, Jamal, 2009. "Solid Waste Disposal: A Choice Experiment Experience in Malaysia," MPRA Paper 23126, University Library of Munich, Germany.
    20. Longo, Alberto & Boeri, Marco, 2014. "Information, Random Regret Minimisation, Random Utility Maximisation: Willingness to pay for Renewable Energy," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182670, European Association of Agricultural Economists.
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    22. Schaafsma, Marije & Brouwer, Roy & Rose, John, 2012. "Directional heterogeneity in WTP models for environmental valuation," Ecological Economics, Elsevier, vol. 79(C), pages 21-31.

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