This paper discusses how a benevolent policy maker should act based on some, possibly nonwelfaristic, ethical principle in cases where people's preferences are not perfectly informed, consistent and fully developed with regard to all goods, including all kinds of environmental goods, as is normally assumed in mainstream economic theory. When stated or revealed preferences do not reflect the max...

This paper reviews random utility theory (RUT) based stated preference elicitation methods, discusses types of elicitation procedures and data consistent with RUT and how one can use RUT as a basis for establishing a level playing field on which to compare and test alternative elicitation procedures with one another and with behaviour in real markets. RUT provides a sound, behavioural-theoretic...

In this study we compare revealed and stated-preference approaches to value traits of cattle in Kenya. The premise is that much can be learnt about non-market values of indigenous animal genetic resources (AnGRs) from the use of multi-attribute stated-preference methods, if these compare well with revealed-preference results. The objective is to investigate the performance of choice experiments...

This paper uses stated preference data collected in the city of Rotterdam and discrete choice modelling techniques to study relationship between public transport shared micromobility. It assumes a hypothetical condition integrated systems studies relationships complement competition these modes. The findings suggest that micromobility modes are viable alternatives as egress for metro trips. Sha...