Introduction To assess convergent validity of stated preference methods in studies where they were used to elicit patient preferences for informing medical product decisions. Methods In four studies, two patients with neuromuscular diseases (NMD; n = 140, Discrete Choice Experiment [DCE] and Best-Worst Scaling [BWS] case 2), diabetes (n 495, DCE swing weighting [SW]), myocardial infarction (MI;...

Non-market economic values derived from stated preference (SP) methods are often of interest for policy analysis and evaluation, program design, green accounting, damage assessments increasingly in demand with adoption ecosystem-based management approaches that emphasize accounting ecosystem services their values. A recent guidance prescribes a set twenty-three best practices guidelines (BPGs) ...

This study extends the joint estimation of revealed and stated preference data literature by accounting for truncation in the revealed preference data. The analytical model and estimation procedure are used to estimate the value of recreational red snapper fishing in the Gulf of Mexico. This recreational red snapper valuation is decomposed into its direct and indirect components. As expected, t...

There is wide-ranging evidence, much of it deriving from economics experiments, of ‘anomalies’ in behaviour that challenge standard preference theories. This paper explores the implications of these anomalies for preference elicitation methods. Because methods that are used to inform public policy, such as contingent valuation, are based on standard preference theories, their validity may be ca...