IDEAS home Printed from https://ideas.repec.org/p/ags/aare07/10424.html
   My bibliography  Save this paper

Choice modelling and laboratory experiments for non-market valuation: a framework

Author

Listed:
  • Concu, Giovanni B.

Abstract

The willingness to pay (WTP)/willingness to accept (WTA) disparity raises serious questions about preference elicitation techniques based on the Hicksian model of decision-making. In this paper we investigate the possibility of incorporating the strategies suggested by Plott and Zeiler (2005) in a Pivot Process mechanism and in a Choice Modelling experiment to eliminate the WTP/WTA disparity. The goal is to improve the reliability of the benefit estimates by comparing and contrasting these two methodologies. No methodological and analytical obstacles prevent the use the Pivot Process to calibrate the Choice Modelling estimates. By combining the two methods, a calibration procedure can be usefully developed to validate good hypothetical surveys and correct bad ones.

Suggested Citation

  • Concu, Giovanni B., 2007. "Choice modelling and laboratory experiments for non-market valuation: a framework," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10424, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare07:10424
    DOI: 10.22004/ag.econ.10424
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/10424/files/cp07co08.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.10424?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aare07:10424. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.