Using Choice Experiments for Non-Market Valuation

Francisco Alpizar Rodriguez, Fredrik Carlsson and Peter Martinsson

Economic Issues Journal Articles, 2003, vol. 8, issue 1, 83-110

Abstract: This paper provides the latest research developments in the method of choice experiments applied to valuation of non-market goods. Choice experiments, along with the, by now, well-known contingent valuation method, are very important tools for valuing non-market goods and the results are used in both cost-benefit analyses and litigations related to damage assessments. The paper should provide the reader with both the means to carry out a choice experiment and to conduct a detailed critical analysis of its performance in order to give informed advice about the results. A discussion of the underlying economic model of choice experiments is incorporated, as well as a presentation of econometric models consistent with economic theory. Furthermore, a detailed discussion on the development of a choice experiment is provided, which in particular focuses on the design of the experiment and tests of validity. Finally, a discussion on different ways to calculate welfare effects is presented.

Date: 2003
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Citations: View citations in EconPapers (85)

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Related works:
Working Paper: Using Choice Experiments for Non-Market Valuation (2002)
Working Paper: Using Choice Experiments for Non-Market Valuation (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:eis:articl:103alpizar

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