The notion of hypothetical bias (HB) constitutes, arguably, the most fundamental issue in
relation to the use of hypothetical survey methods. Whether or to what extent choices of …

Econometric modelling of choice now constitutes a major cross-over between multiple fields
of research in which quantitative valuation of human preferences is of interest. The methods …

Research regarding consumers' perception of and willingness-to-pay for alternatives to
conventional plastic packaging reveals an ambiguous picture. On one hand, consumers are …

This article proposes contemporary best-practice recommendations for stated preference
(SP) studies used to inform decision making, grounded in the accumulated body of peer …

There has been an explosion of interest during the past two decades in a class of nonmarket
stated-preference valuation methods known as choice experiments. The overall objective of …

Discrete choice experiments (DCEs) are regularly used in health economics to elicit
preferences for healthcare products and programmes. There is growing recognition that …

Non-market valuation has become a broadly accepted and widely practiced means of
measuring the economic values of the environment and natural resources. In this book, the …

A finite mixture approach toconditional logit models is developed in whichlatent classes are
used to promoteunderstanding of systematic heterogeneity. The model is applied to …

Surveys are frequently used by businesses and governments to elicit information about the
public's preferences. They have become the most common way to gather preference …

This paper we outline the “choice experiment” approach to environmental valuation. This
approach has its roots in Lancaster's characteristics theory of value, in random utility theory …