Economic Valuation with Stated Preference Techniques

Bateman, Ian J.; Carson, Richard T.; Day, Brett; Hanemann, Michael; Hanley, Nick; Hett, Tannis; Jones‐Lee, Michael; Loomes, Graham

doi:10.4337/9781781009727

Cited by 1,144 publications

(744 citation statements)

References 0 publications

Supporting

Mentioning

693

Contrasting

Unclassified

Order By: Relevance

“…The values of the attributes vary across choice scenarios, and by observing the choices people make it is possible to infer their preferences over the attributes of the goods under study. DCEs are commonly used to identify people's preferences in a variety of non-market situations/services/commodities (Bateman et al 2002;Hensher, Rose, and Greene 2005;Louviere, Hensher, and Swait 2000) and have been widely utilized in health economics (Gerard et al, 2003;King et al, 2007;Ryan et al, 2008;Lancsar and Louviere, 2008).…”

Section: Methodsmentioning

confidence: 99%

A discrete choice experiment investigating preferences for funding drugs used to treat orphan diseases: an exploratory study

Mentzakis

Stefanowska

Hurley

2010

HEPL

View full text Add to dashboard Cite

Policy debate about funding criteria for drugs used to treat rare, orphan diseases is gaining prominence. This study presents evidence from a discrete choice experiment using a convenience sample of university students to investigate individual preferences regarding public funding for drugs used to treat rare diseases and common diseases. This pilot study finds that: other things equal, the respondents do not prefer to have the government spend more for drugs used to treat rare diseases; that respondents are not willing to pay more per life year gained for a rare disease than a common disease; and that respondents weigh relevant attributes of the coverage decisions (e.g., costs, disease severity, treatment effectiveness) similarly for both rare and common diseases. The results confirm the importance of severity and treatment effectiveness in preferences for public funding. Though the first study of its kind, the results send a cautionary message regarding the special treatment of orphan drugs in coverage decision making.

show abstract

Section: Methodsmentioning

confidence: 99%

A discrete choice experiment investigating preferences for funding drugs used to treat orphan diseases: an exploratory study

Mentzakis

Stefanowska

Hurley

2010

HEPL

View full text Add to dashboard Cite

show abstract

“…hypothetical) market for a specific change in an environmental good or service, will reveal their underlying preference for that change through their survey response (Bateman et al, 2002). The value that an individual places on a nonmarket environmental good can be estimated from the largest amount of money they would be prepared to pay for the delivery of the environmental good, their maximum WTP (or alternatively the lowest amount they would be prepared to accept to forgo that same good).…”

Section: Estimating the Benefits Of Reductions In Cyanobacteriamentioning

confidence: 99%

“…This was seen as the most credible method and it also reduced incentives for free-riding associated with voluntary contribution mechanisms. The respondents were asked to specify their maximum WTP from a series of values presented on a payment card (Bateman et al, 2002), with the vector of prices anchored by responses elicited through the initial pilot survey.…”

Section: Valuation Scenariosmentioning

confidence: 99%

The effect of risk perception on public preferences and willingness to pay for reductions in the health risks posed by toxic cyanobacterial blooms

Hunter

Hanley

Czajkowski

et al. 2012

Science of The Total Environment

Self Cite

View full text Add to dashboard Cite

The NERC and CEH trademarks and logos ('the Trademarks') are registered trademarks of NERC in the UK and other countries, and may not be used without the prior written consent of the Trademark owner. 1The effect of risk perception on public preferences and willingness-to-pay for reductions in the health risks posed by toxic cyanobacterial blooms AbstractMass populations of toxin-producing cyanobacteria are an increasingly common occurrence in inland and coastal waters used for recreational purposes. These mass populations pose serious risks to human and animal health and impose potentially significant economic costs on society. In this study, we used contingent valuation to elicit public willingness-to-pay (WTP) for reductions in the health risks posed by blooms of toxin-producing cyanobacteria in Loch Leven, Scotland. We found that 55% of respondents (68% excluding protest voters) were willing-to-pay for a reduction in the number of days per year (from 90, to either 45 or 0 days) that cyanobacteria pose a risk to human health at Loch Leven. The mean WTP for a risk reduction was UK£7.91-9.55/household/year, estimated using a logistic spike model.In addition, we found that participation in the market for risk reductions, as well as the amount respondents were willing-to-pay, was strongly dependent on socioeconomic status, usage of the waterbody and attitudes to the environment, as well as individual-specific perceptions and attitudes to risk. This study demonstrates that anticipated health risk reductions are an important nonmarket benefit of improving water quality in recreational waters and should be accounted for in future cost-benefit analyses such as those being undertaken under the auspices of the European Union's Water Framework Directive, but also that such values depend on risk perceptions and attitudes.3

show abstract

“…Demnach bildet der Status quo den Ausgangspunkt der Auswahl der Ausprägungen. Bateman et al (2002)), S. 261). Ein "zu großes" Design führt allerdings zu Praktikabilitätshindernissen und zu statistischen Problemen.…”

Section: Spezifikation Umverteilungsrelevanter Attributlevelsunclassified

“…Ermüdungserscheinungen hervorzurufen (vgl. Bateman et al (2002) Wurde die Zahl der Entscheidungssituationen, die einem Individuum präsentiert werden sollen, festgelegt, muss die Art und Weise, wie den Befragten die Alternativen bzw. der Status quo präsentiert werden soll, bestimmt werden.…”

Section: Präsentation Der Choice-setsunclassified

Discrete-Choice-Experimente zur Ermittlung der Präferenzen für Umverteilung

Pfarr

Ulrich

2011

Review of Economics

View full text Add to dashboard Cite

SummaryAs in most industrialized countries, the inequality regarding the distribution of household incomes in Germany has steadily increased. By collecting taxes and granting monetary transfers, the government tries to affect the personal distribution of incomes. Whereas the supply of redistribution is relatively easy to determine, it is rather difficult to identify the determinants of the citizens′ demand for redistribution. Most of the literature concerning the individuals′ preferences for redistribution relies on survey based analysis. A shortcoming of these studies is the failure of imposing a budget constraint. Discrete-Choice-Experiments (DCE) solve this problem by forcing individuals to take the consequences of their decisions with respect to their own income into account. This study aims at developing a theory based approach to elicit individuals′ preferences for redistribution using DCEs. For the specific case of Germany, we show how to design and implement such a DCE. In particular, we discuss how the price attribute in a DCE should be specified and which levels adequately define the price an individual is willing to pay for redistribution. We are able to demonstrate that even for a highly complex topic such as redistribution a correctly applied DCE can provide authoritative results. This allows deriving policy implications on how to design redistributive policies which are in line with citizens’ preferences.

show abstract

Economic Valuation with Stated Preference Techniques

Cited by 1,144 publications

References 0 publications

A discrete choice experiment investigating preferences for funding drugs used to treat orphan diseases: an exploratory study

A discrete choice experiment investigating preferences for funding drugs used to treat orphan diseases: an exploratory study

The effect of risk perception on public preferences and willingness to pay for reductions in the health risks posed by toxic cyanobacterial blooms

Discrete-Choice-Experimente zur Ermittlung der Präferenzen für Umverteilung

Contact Info

Product

Resources

About