Conjoint Analysis of Individual and Aggregate Environmental Preferences

F Reed Johnson, William H. Desvousges, Lisa L. Wood and Erin E. Fries

No 9502, Working Papers from Triangle Economic Research

Abstract: Environmental economists have long been faced with the challenge of valuing goods and services that are not traded in markets. In efforts to meet this challenge, several valuation techniques have emerged, including conjoint analysis. Conjoint exercises ask individuals to trade off various attributes, or characteristics, of a product or program. Subsequently, conjoint analysis derives a value for each of these attributes through sophisticated statistical techniques. In this paper, we develop a conceptual model of conjoint elicitations consistent with welfare theory, discuss the experimental-design considerations relevant for valuing environmental commodities, and investigate the behavioral and statistical properties of a conjoint data set. With this exploration, we hope to shed some light on the usefulness of this method for environmental valuation

References: Add references at CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:wop:trerwp:9502

Access Statistics for this paper

More papers in Working Papers from Triangle Economic Research
Bibliographic data for series maintained by Thomas Krichel (krichel@openlib.org).