Valuing Environmental Amenities Using Stated Choice Studies: A Common Sense Approach to Theory and Practice (The Economics of Non-Market Goods and Resources (8))

This book provides practical, research-based advice on how to conduct high-quality stated choice studies. It covers every aspect of the topic, from planning and writing the survey, to analyzing results, to evaluating quality. Chapters by highly-regarded academics and professionals are provided on rarely-discussed topics such as "supporting questions” and experimental design, as well as state-of-the-art multinomial choice modelling, attribute processing, the role of information, and lessons learned from the field of experimental economics. There is no other book on the market today that so thoroughly addresses the methodology of stated choice. Academics and practitioners in fields such as environmental, health and transportation economics, and marketing, will need this book on their shelves – and they will refer to it often. 1402040644......Page 1 Table of Contents......Page 6 Contributing Authors......Page 7 Preface......Page 9 Acknowledgements......Page 13 1. Getting Started......Page 14 2. Survey Methodologies for Stated Choice Studies......Page 34 3. Supporting Questions in Stated Choice Studies......Page 56 4. Making Choice Studies Incentive Compatible......Page 79 5. How and How Much? The Role of Information in Stated Choice Questionnaires......Page 123 6. Attribute Processing in Choice Experiments and Implications on Willingness to Pay......Page 146 7. Experimental Design for Stated Choice Studies......Page 169 8. Basic Statistical Models for Stated Choice Studies......Page 213 9. Advanced Choice Models......Page 238 10. Computer Software to Estimate Choice Models......Page 303 11. Judging Quality......Page 305 M......Page 342 Y......Page 343