It has become popular practice that joint estimation of choice models that use stated preference (SP) and revealed preference (RP) data requires a way of adjusting for scale to ensure that parameter estimates across data sets are not confounded by differences in scale. The nested logit ‘trick’ presented in Hensher and Bradley (1993) continues to be widely used, especially by practitioners, to a...

Durch den Wegfall der Fahrtätigkeit in vollautonomen Fahrzeugen ergeben sich neue Möglichkeiten die Fahrzeit zu nutzen. In vorliegenden Studie wird auf Basis einer Stated-Preference-Befragung untersucht, welchen Tätigkeiten Personen autonomen widmen würden und wie diese von heutigen Zeitnutzung im Öffentlichen Verkehr unterschiedet. Die Ergebnisse lassen eine Vielzahl Aktivitäten, insbesondere ...

In recent decades, concerns have arisen about the proper valuation of the world's forests. While some of these concerns have to do with market distortions for timber products or inadequate data on non-timber forest products, an additional issue has been the challenge of uncovering the economic worth of non-market services provided by forest ecosystems (Kramer, Healy and Mendelsohn). This has le...

Purpose Making techniques PROMETHEE, direction of research in this emerging field. Design/Methodology/Approach: literature related to MCDM techniques PROMETHEE, ELECTRE, VIKOR and TOPSIS. Literature has been segregated to understand various issues and work related to MCDM techniques PROMETHEE, ELECTRE, VIKOR and TOPSIS. A detailed review is used to sort out the literature and develop the resear...

There is growing interest in discrete-choice experiments (DCE) as a method to elicit consumers' preferences in the health care sector. Increasingly this method is used to determine willingness-to-pay (WTP) for health-related goods. However, its external validity in the health care domain has not been investigated until today. This paper examines the external validity of DCE concerning the reduc...