Does one size really fit all? Ecological endpoint heterogeneity in stated preference welfare analysis
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Does one size really fit all? Ecological endpoint heterogeneity in stated preference welfare analysis. / Jensen, Anne Kejser; Johnston, Robert J.; Olsen, Søren Bøye.
In: Land Economics, Vol. 95, No. 3, 2019, p. 307-332.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Does one size really fit all? Ecological endpoint heterogeneity in stated preference welfare analysis
AU - Jensen, Anne Kejser
AU - Johnston, Robert J.
AU - Olsen, Søren Bøye
PY - 2019
Y1 - 2019
N2 - Obtaining valid stated preference welfare estimates for changes in biophysical systems requires identification of the ecological endpoints valued by respondents. Challenges for scenario design can occur if endpoints differ across respondents, because it may be infeasible to provide scenario information on all possible endpoints. We explore an approach to choice experiments that tailors attributes to empirically identified population groups. Results suggest that different endpoints are relevant to different groups, and that one-size-fits-all scenarios common in the literature may not enable valid welfare estimation for all groups. These findings suggest that endpoint heterogeneity should be considered when designing valuation studies.
AB - Obtaining valid stated preference welfare estimates for changes in biophysical systems requires identification of the ecological endpoints valued by respondents. Challenges for scenario design can occur if endpoints differ across respondents, because it may be infeasible to provide scenario information on all possible endpoints. We explore an approach to choice experiments that tailors attributes to empirically identified population groups. Results suggest that different endpoints are relevant to different groups, and that one-size-fits-all scenarios common in the literature may not enable valid welfare estimation for all groups. These findings suggest that endpoint heterogeneity should be considered when designing valuation studies.
U2 - 10.3368/le.95.3.307
DO - 10.3368/le.95.3.307
M3 - Journal article
VL - 95
SP - 307
EP - 332
JO - Land Economics
JF - Land Economics
SN - 0023-7639
IS - 3
ER -
ID: 226913348