Testing Choice Experiment for Benefit Transfer with Preference Heterogeneity

17 Pages Posted: 24 Apr 2020

See all articles by Sergio Colombo

Sergio Colombo

Andalusian Institute of Agrarian Research

Javier Calatrava-Requena

Andalusian Institute of Agrarian Research

Nick Hanley

University of Stirling

Multiple version iconThere are 2 versions of this paper

Date Written: February 2007

Abstract

Benefit transfer is a cost‐effective method for estimating the value of environmental goods that relies on information obtained in previous studies. The multiattribute approach of choice experiments should provide advantages in terms of benefit transfer, allowing differences in environmental improvements between sites as well as differences in socioeconomic and attitude characteristics between respondent populations. This article investigates the capability of choice experiment method to be used in environmental benefit transfer when a random parameters approach is used to allow for preference heterogeneity: we find that the inclusion of respondents' taste heterogeneity reduces the magnitude of the transfer error.

Keywords: benefits transfer, choice experiment, heterogeneity, random parameter model

Suggested Citation

Colombo, Sergio and Calatrava-Requena, Javier and Hanley, Nick, Testing Choice Experiment for Benefit Transfer with Preference Heterogeneity (February 2007). American Journal of Agricultural Economics, Vol. 89, Issue 1, pp. 135-151, 2007, Available at SSRN: https://ssrn.com/abstract=3583002 or http://dx.doi.org/10.1111/j.1467-8276.2007.00968.x

Sergio Colombo (Contact Author)

Andalusian Institute of Agrarian Research

Seville, 41092
Spain

Javier Calatrava-Requena

Andalusian Institute of Agrarian Research ( email )

Andalusian Institute of Agrarian Research
Seville, 41092
Spain

HOME PAGE: http://www.juntadeandalucia.es/innovacioncienciayempresa/ifapa/servlet/FrontController?action=Switch

Nick Hanley

University of Stirling

Stirling, Scotland FK9 4LA
United Kingdom

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