2021
DOI: 10.1007/978-3-030-62669-3
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Environmental Valuation with Discrete Choice Experiments

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Cited by 120 publications
(75 citation statements)
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“…The main advantage of the specification in WTP space is that the estimated coefficients are a direct measure of WTP values (compared to standard specifications in preference space, in which WTP values are computed a posteriori from the model coefficients). This allows retrieving WTP values that are more accurate, as highlighted by the related literature (see [15]). In such model, the utility function for alternative i is specified as…”
Section: Discrete Choice Experimentsmentioning
confidence: 97%
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“…The main advantage of the specification in WTP space is that the estimated coefficients are a direct measure of WTP values (compared to standard specifications in preference space, in which WTP values are computed a posteriori from the model coefficients). This allows retrieving WTP values that are more accurate, as highlighted by the related literature (see [15]). In such model, the utility function for alternative i is specified as…”
Section: Discrete Choice Experimentsmentioning
confidence: 97%
“…Therefore, CE can be used to determine which attributes are significant determinants of the values people place on (non)-market goods, as well as the implied ranking of these attributes among population, and finally the value of changing more than one of the attributes at once. A monetary indicator, the Willingness to Pay (WTP), represents this value [11,13,15,16]. Within a choice scenario, normally composed of different policy alter-natives, plus the status quo (SQ), respondents will compare and select one their favourite alternatives [18].…”
Section: Discrete Choice Experimentsmentioning
confidence: 99%
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