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Choice Modelling, Non-Use Vales and Benefit Transfer

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  • Morrison, Mark

    (Charles Sturt University, Bathurst NSW 2795)

Abstract

Choice Modelling is a stated preference technique that has been widely used in marketing and transport applications, and has recently been used in several environmental applications, predominantly involving use values. There are several reasons for the interest shown in using choice modelling for non-market valuation. First, choice modelling has the potential to provide much greater information about people’s preferences than contingent valuation. Second, choice modelling appears to be particularly suited to benefit transfer because of its capacity to allow for differences in environmental improvements when transferring benefit estimates. Third, some proponents contend that choice modelling may be less prone to several of the biases that affect the contingent validity of using choice modelling to estimate non-use values, and for benefit transfer. It is found that choice modelling is also shown to be more suited to benefit transfer, particularly transfer of implicit prices.

Suggested Citation

  • Morrison, Mark, 2000. "Choice Modelling, Non-Use Vales and Benefit Transfer," Economic Analysis and Policy, Elsevier, vol. 30(1), pages 13-32, March.
    • Handle: RePEc:eee:ecanpo:v:30:y:2000:i:1:p:13-32
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    Cited by:

    1. Haghani, Milad & Bliemer, Michiel C.J. & Rose, John M. & Oppewal, Harmen & Lancsar, Emily, 2021. "Hypothetical bias in stated choice experiments: Part II. Conceptualisation of external validity, sources and explanations of bias and effectiveness of mitigation methods," Journal of choice modelling, Elsevier, vol. 41(C).
    2. Halkos, George & Matsiori, Steriani, 2018. "Environmental attitudes and preferences for coastal zone improvements," Economic Analysis and Policy, Elsevier, vol. 58(C), pages 153-166.
    3. Niroomand, Naghmeh & Jenkins, Glenn P., 2018. "A comparison of stated preference methods for the valuation of improvement in road safety," Economic Analysis and Policy, Elsevier, vol. 59(C), pages 138-149.
    4. Sue O’Keefe & Lin Crase, 2005. "Understanding the Education Choices of Public Sector Employees: The Relative Importance of Time and Money," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 8(4), pages 331-350, December.
    5. Lida Díaz-Pinzón & Lya Sierra & Francesc Trillas, 2022. "The Economic Value of Wetlands in Urban Areas: The Benefits in a Developing Country," Sustainability, MDPI, vol. 14(14), pages 1-19, July.

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