Aggregation Biases in Stated Preference Studies

Mark Morrison

Australian Economic Papers, 2000, vol. 39, issue 2, 215-230

Abstract: Stated preference studies are often used to provide estimates of non‐market values for cost‐benefit analysis. Applications of these techniques have been criticised because of the hypothetical nature of the surveys and the possibility of bias. Various types of bias have been cited including strategic, payment vehicle, starting point, interviewer and others. However, one type of bias that has received limited attention, but has the potential to have substantial impacts on value estimates, is that associated with aggregation. In this paper the theoretical basis for aggregation is explored, and alternative approaches for aggregation are trialed. It is demonstrated that the choices made by researchers at this stage of the value estimation process can significantly affect the estimates that are to be used in cost‐benefit analyses.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (35)

Downloads: (external link)
https://doi.org/10.1111/1467-8454.00087

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecp:v:39:y:2000:i:2:p:215-230

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0004-900X

Access Statistics for this article

Australian Economic Papers is currently edited by Daniel Leonard

More articles in Australian Economic Papers from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().