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Valuing Environmental Amenities Using Stated Choice Studies

A Common Sense Approach to Theory and Practice

  • Book
  • © 2007

Overview

Editors:
  1. Barbara J. Kanninen

    1. Arlington, USA

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  • Provides a comprehensive analysis and guide to best practice approaches for stated choice studies
  • Addresses the full range of topics, including writing surveys, analyzing results and evaluating quality
  • Chapters are written in an accessible style, offering practical, tough advice
  • Provides a complete summary of state-of-the-art econometrics with regard to multinomial choice models
  • Chapters written by top-notch academics and practitioners in the field

Part of the book series: The Economics of Non-Market Goods and Resources (ENGO, volume 8)

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Table of contents (11 chapters)

  1. Front Matter

    Pages I-XIII
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  2. Getting Started

    • Carol Mansfield, Subhrendu Pattanayak
    Pages 1-20

  3. Survey Methodologies for Stated-Choice Studies

    • Patricia A. Champ, Michael P. Welsh
    Pages 21-42

  4. Supporting Questions in Stated-Choice Studies

    • Alan Krupnick, W.L. (Vic) Adamowicz
    Pages 43-65

  5. Making Choice Studies Incentive Compatible

    • Glenn W. Harrison
    Pages 67-110

  6. How and How Much?

    • Kristy E. Mathews, Miranda L. Freeman, William H. Desvousges
    Pages 111-133

  7. Attribute Processing in Choice Experiments and Implications on Willingness to Pay

    • David A. Hensher
    Pages 135-157

  8. Experimental Design For Stated-Choice Studies

    • F. Reed Johnson, Barbara Kanninen, Matthew Bingham, Semra Özdemir
    Pages 159-202

  9. Basic Statistical Models For Stated Choice Studies

    • Anna Alberini, Alberto Longo, Marcella Veronesi
    Pages 203-227

  10. Advanced Choice Models

    • Joffre Swait
    Pages 229-293

  11. Computer Software to Estimate Choice Models

    • Daniel Hellerstein
    Pages 295-296

  12. Judging Quality

    • V. Kerry Smith
    Pages 297-333

  13. Back Matter

    Pages 335-336
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Keywords

About this book

When I was a graduate student, I fell in love with choice models. After years studying the econometrics of the standard linear model, discrete choice offered so many new, cool twists. With contingent valuation (CV) studies abounding, data was plentiful and varied. Every CV dataset had its own kinks and quirks that begged to be addressed through innovative modeling techniques. Dissertation topics were not scarce. We economists like to assume. There are jokes written about this. My assumption, as I slaved over the statistical properties of the double-bounded CV model, was that CV data was good data, representing valid economic choices made by survey respondents. Before I received my Ph.D., this assumption was called into question big time. In 1989, the Exxon-Valdez oil tanker spilled 11 million gallons of oil into Prince William Sound, Alaska. The accident killed a lot of birds, devastated fisheries, harmed area economies and ruined a reputation or two. It also changed the field of environmental valuation. What was once a research field dominated by environmental economists interested in obtaining nonmarket values for environmental amenities was now a legal battleground pitting environmental economists against “traditional” economists who were skeptical of the techniques and procedures used with CV. If Nobel prizes are indicators of quality – and I’m fairly certain they are – the Exxon-Valdez oil spill drew the best and the brightest to scrutinize our field.

Editors and Affiliations

  • Arlington, USA

    Barbara J. Kanninen

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