Response bias in a conjoint analysis of power outages

Beenstock, Michael; Goldin, Ephraim; Haitovsky, Yoel

doi:10.1016/s0140-9883(97)00017-0

Cited by 67 publications

(34 citation statements)

References 11 publications

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“…1 Discrete choice methods using stated choice experiment data, which were originally developed in the transport (Hensher and Truong, 1985) and marketing (Louviere and Woodworth, 1983) contexts, have become a popular approach to estimating social values for multiple-attribute non-market goods such as environmental goods (Bennett and Blamey, 2001) and monopoly service quality (Beenstock et al, 1998;Carlsson and Martinsson, 2008). The method typically involves presenting respondents with a sequence of choice tasks, where respondents indicate their preference between two or more attribute-based alternatives in each choice task.…”

Section: Introductionmentioning

confidence: 99%

A comparison of responses to single and repeated discrete choice questions

McNair

Bennett

Hensher

2011

Resource and Energy Economics

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According to neoclassical economic theory, a stated preference elicitation format comprising a single binary choice between the status quo and one alternative is incentive compatible under certain conditions. Formats typically used in choice experiments comprising a sequence of discrete choice questions do not hold this property.In this paper, the effect on stated preferences of expanding the number of binary choice tasks per respondent from one to four is tested using a split sample treatment in an attribute-based survey relating to the undergrounding of overhead electricity and telecommunications wires. We find evidence to suggest that presenting multiple choice tasks per respondent decreases estimates of expected willingness to pay. Preferences stated in the first of a sequence of choice tasks are not significantly different from those stated in the incentive compatible single binary choice task, but, in subsequent choice tasks, responses are influenced by cost levels observed in past questions. Three behavioural explanations can be advanced -weak strategic misrepresentation, reference point revision and cost-driven value learning. The evidence is contrary to the standard assumption of truthful response with stable preferences.

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Section: Introductionmentioning

confidence: 99%

A comparison of responses to single and repeated discrete choice questions

McNair

Bennett

Hensher

2011

Resource and Energy Economics

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“…Status quo bias (a wish for constancy and resistance to change) has been reported for other stated preferences methods (Beenstock et al, 1998, Hartman et al, 1990, Ortona and Scacciati, 2003 and may be revealed by an ex ante study and an ex post study of the same change. Another possible bias (strategic answering) can arise when respondents already have a preference about the new road.…”

Section: The Approachmentioning

confidence: 88%

Valuing environmental quality in actual travel time savings – The Haningeleden road project in Stockholm

Ivehammar

2014

Research in Transportation Economics

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Effects on the environment are rarely valued in planning infrastructure for different modes of transport. This can detract from optimal planning and fair competition, which might be better served by valuing environmental quality changes through actual travel time savings. New transport infrastructure often creates both positive and negative effects for the same groups of users, although to different degrees for different individuals. This paper illustrates a proposed methodology to investigate the effect of a planned transport infrastructure investment through a survey of potential users of the Haningeleden road project in Stockholm. Postal questionnaires were sent to a random sample of 2400 persons living in the affected area in May and June 2013, including detailed questions about their travel patterns and visiting frequencies, and whether, after reading a description of the proposed change, they would be in favour of the proposed change. The negative encroachment costs and the positive relief from traffic in other areas were estimated in travel time savings.

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“…The first methodological approach, which is based on stated preferences, relies on surveys of end consumers, who are particularly asked to assess the costs or losses that are incurred due to an electricity interruption (see Kufeoglu and Lethonen [21] and Beenstock, Goldin, and Haitovsky [26]). This approach draws consumers' preferences based on the willingness to pay for reliable services or willingness to accept interruptions.…”

Section: Methodsmentioning

confidence: 99%

The Lebanese Electricity Woes: An Estimation of the Economical Costs of Power Interruptions

Bouri

Assad

2016

Energies

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This paper contributes to the political and scientific debate surrounding the economic costs entailed by the regular power cuts in Lebanon. Examining the data on electricity consumption that was produced by onshore and offshore power plants, this paper estimates the economical costs of power interruptions in Lebanon over the period [2009][2010][2011][2012][2013][2014]. Based on 700 USD/MWh, representing the average value of lost load (VOLL) in that period, results indicate that electricity shortages continue to render significant transfers of wealth to the detriment of economy and society as a whole. Over the period 2009-2014, the total losses for the Lebanese economy reached 23.23 billion USD. Just as importantly, some evidence suggests a sharp decline in the economical costs of power interruptions with the inception of the two floating power plants in 2013. The results are crucial for the decision makers to identify the economic efficiency of alternative measures to enhance the security of the Lebanese electricity supply.

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Response bias in a conjoint analysis of power outages

Cited by 67 publications

References 11 publications

A comparison of responses to single and repeated discrete choice questions

A comparison of responses to single and repeated discrete choice questions

Valuing environmental quality in actual travel time savings – The Haningeleden road project in Stockholm

The Lebanese Electricity Woes: An Estimation of the Economical Costs of Power Interruptions

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