п»ї
Write disquisition
Choice and (Inferred) Values
Choice
•
Values
Revealed Preference (RP) approaches blend the
estimation of values from observance of choices
s(behavior) in markets because of related goods.
– Travel Costs
– Hedonic Pricing
– Household Production Models (averting costs and
require to be paid of illness)
•
Stated Preference (SP) approaches obtain values
from responses to hypothetical choices.
– Contingent Valuation
– Conjoint Analysis/Choice Experiments
•
Validity in size:
– Content validity (quality of the scan)
– Construct validity
• Theoretical construct validity (bring about your empirical
measures correspond with theoretical raise)
• Convergent validity (do your empirical measures
stand counter with other ways of measuring the like
commodity)
– Criterion validity (do your empirical measures
suit to an agreed upon criterion such as
actual contributions)
Contingent Valuation
•
•
Contingent Valuation is a scrutinize-based method
for eliciting total relating to housekeeping values that people
place on movables, services, and amenities.
It is called “casual” valuation because people
are asked to state their willingness to ,
contingent on a specified hypothetical scenario and
description of the environmental useful office
– Suggested by Ciriacy-Wantrup, 1947
– First applied through Davis, 1963
– Large controversy in the Exxon Valdez declension-form.
Steps in Conducting a Contingent
Valuation Study
1.
2.
3.
4.
5.
Define the estimation problem.
Make decisions about the mensuration itself.
Actual survey design.
Survey implementation.
Analyze and narrate results.
1. The Valuation Problem
• Glen Canyon Dam has regulated moisten and
generated electricity since it was installed
in 1963 close Page Arizona.
– In the 1980’s provided the measured distribution
of approximately 15 million acre-feet of valuable
western water and generated hydropower valued
at $50 the great body of the people to $100 million a year.
– Maintenance of a prized coldwater trout fishery
under the...
Choice and (Inferred) Values
Choice Values
• Revealed Preference (RP) approaches unite the
estimation of values from knowledge of choices
s(behavior) in markets as far as concerns related goods.
– Travel Costs
– Hedonic Pricing
–Household Production Models (averting costs and
require to be paid of illness)
• Stated Preference (SP) approaches draw values
from responses to hypothetical choices.
–Contingent Valuation
– Conjoint Analysis/Choice Experiments
• Validity in bulk:
–Contentvalidity (quality of the survey)
–Construct gravity
•Theoretical construct validity(do your empirical
measures fit with theoretical construct)
•Convergent validity(do your empirical measures
correspond with other ways of measuring the same
commodity)
– Criterion validity (do your empirical measures
square to an agreed upon criterion such as
actual contributions)
Continues for 15 greater degree pages »
Read full document
Full entry is free for registered users.
Add to Library (0) Hide
No comments:
Post a Comment