Does One Size Really Fit All? Ecological Endpoint Heterogeneity in Stated Preference Welfare Analysis

Anne Kejser Jensen, Robert Johnston and Søren Olsen

Land Economics, 2019, vol. 95, issue 3, 307-332

Abstract: Obtaining valid stated preference welfare estimates for changes in biophysical systems requires identification of the ecological endpoints valued by respondents. Challenges for scenario design can occur if endpoints differ across respondents, because it may be infeasible to provide scenario information on all possible endpoints. We explore an approach to choice experiments that tailors attributes to empirically identified population groups. Results suggest that different endpoints are relevant to different groups, and that one-size-fits-all scenarios common in the literature may not enable valid welfare estimation for all groups. These findings suggest that endpoint heterogeneity should be considered when designing valuation studies.

JEL-codes: Q51 (search for similar items in EconPapers)
Date: 2019
Note: DOI: 10.3368/le.95.3.307
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/95/3/307
A subscription is required to access pdf files. Pay per article is available.

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:uwp:landec:v:95:y:2019:i:3:p:307-332

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().