Chapter

Stated‐Preference Methods for Valuing Environmental Amenities

Wiktor L. Adamowicz, Peter C. Boxall, Jordan J. Louviere, Joffre Swait and Michael Williams

in Valuing Environmental Preferences

Published in print November 2001 | ISBN: 9780199248919
Published online November 2003 | e-ISBN: 9780191595950 | DOI: http://dx.doi.org/10.1093/0199248915.003.0013
 Stated‐Preference Methods for Valuing Environmental Amenities

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The stated preference (SP) approach allows the individual features or attributes that make up a good to be valued. Experimental design to array attributes and attribute levels into choice sets is fundamental to SP. Respondents typically select one of two choice sets, along with the status quo alternative. SP has a number of advantages over other environmental valuation methods, such as orthogonality in attributes, which avoids colinearity problems of revealed preference methods. An application of SP to mouse hunting in Canada is presented.

Keywords: attributes; combining data; conjoint analysis; experimental design; model estimation; mouse hunting; stated preference; survey design; welfare measures

Chapter.  8793 words. 

Subjects: Economic Development and Growth

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