Dynamic Learning and Context-Dependence in Sequential, Attribute-Based, Stated-Preference Valuation Questions

Dynamic Learning and Context-Dependence in Sequential, Attribute-Based, Stated-Preference Valuation Questions

A hybrid stated-preference model is presented that combines the referendum contingent valuation response format with an experimentally designed set of attributes. A sequence of valuation questions is asked to a random sample in a mailout mail-back format. Econometric analysis shows greater discrimination between alternatives in the final choice in the sequence, and the vector of preference para...

Dynamic Learning and Context-Dependence in Sequential, Attribute-Based Contingent Valuation

A hybrid stated-preference model is developed that combines the referendum contingent valuation response format with an experimentally designed set of attributes. A sequence of valuation questions is asked to a random sample in a mail-out mail-back format. Econometric analysis shows that willingness to pay for policy attributes is formed dynamically.

Stated Preference Questions: Context and Optimal Response∗

Businesses and governments devote substantial resources to the collection and analysis of survey data concerning the public’s preferences. The possibility of strategic responses to such surveys is analyzed. Consequential and hypothetical surveys are formally defined. For the former the question is posed: what form should strategic behavior take? The particular form is shown to be context depend...

A Pilot Test of a New Stated Preference Valuation Method: Continuous Attribute-Based Stated Choice

A new stated preference technique is developed and tested. In an interactive computerized survey, respondents move continuous sliders to choose levels of environmental attributes. The total cost of the combination of attributes chosen is calculated according to a preprogrammed cost function, and continuously updated and displayed. Each registered choice reveals the respondent’s marginal willing...

A Meta-analysis of Hypothetical Bias in Stated Preference Valuation