Economic Valuation with Stated Preference Techniques

Ian J. Bateman, Richard T. Carson, Brett Day, Michael Hanemann, Nick Hanley, Tannis Hett, Michael Jones-Lee, Graham Loomes, Susana Mourato, Ece Özdemiroglu, David Pearce, Robert Sugden and John Swanson

'Adherence to the principles and wisdom set out in this book will contribute significantly to the rational valuation of non-market benefits and costs.'

• Contents: Introduction 1. The Foundations of Economic Valuation 2. Commissioning a Stated Preference Study 3. Population, Sample and Survey Mode 4. Designing a Contingent Valuation Questionnaire 5. Contingent Valuation: Analysing the Results 6. Designing a Choice Modelling Questionnaire 7. Choice Modelling: Analysing the Results 8. Validity and Reliability 9. Aggregation 10. Reporting 11. Combining Revealed and Stated Preference Techniques 12. Cautions, Caveats and Future Directions References GlossaryFull affiliations:Ian Bateman,Professor of Environmental Economics, School of Environmental Sciences and Senior Research Fellow, Centre for Social and Economic Research on the Global Environment (CSERGE), University of East Anglia and University College London, UKRichard T. Carson, Professor of Economics, University of California, San Diego, Research Director for International Environmental Policy, UC Institute for Global Conflict and Cooperation and a Senior Fellow, San Diego Supercomputer Center, US Brett Day, Senior Research Fellow, CSERGE, University of East Anglia, UKMichael Hanemann, Chancellor’s Professor of Agricultural and Resource Economics and Public Policy, University of California at Berkeley, US Nick Hanley, Professor of Environmental Economics, University of Glasgow, UK Tannis Hett, worked as a Consultant for Economics for the Environment Consultancy Ltd (EFTEC), UK. She is currently an Independent Environmental Economics Consultant based in Canada Michael Jones-Lee, Professor of Economics, University of Newcastle-upon-Tyne, UK Graham Loomes, Professor of Economic Behaviour and Decision Theory, University of East Anglia, UK Susana Mourato, Lecturer in Environmental Economics, Department of Environmental Science and Technology, Imperial College of Science, Technology and Medicine, London, UK Ece Özdemiroglu, Director, Economics for the Environment Consultancy Ltd (EFTEC), UK David W. Pearce, OBE, Professor of Environmental Economics, University College London and Honorary Professor, Department of Environmental Science and Technology, Imperial College London, UK Robert Sugden, holds the Leverhulme Personal Research Professorship in Economics, Department of Economics, University of East Anglia, UK John Swanson, Steer Davis Gleave, an Independent Transport Planning Consultancy based in London, UK