According to neoclassical economic theory, the only stated preference elicitation format that can... more According to neoclassical economic theory, the only stated preference elicitation format that can feasibly be employed in field studies to which truthful response can be the dominant strategy for all respondents is a single binary choice between the status quo and one alternative. In studies where the objective is estimation of preferences for multiple attributes of a good, it is preferred (and, in some cases, necessary) based on econometric considerations, to present respondents with a sequence of choice tasks. Economic theory predicts that utility-maximising respondents may find it optimal to misrepresent their preferences in this elicitation format. In this paper, the effect on stated preferences of expanding the number of choice tasks per respondent from one to four is tested using a split sample treatment in an attribute-based survey relating to the undergrounding of overhead electricity and telecommunications wires in the Australian Capital Territory. We find evidence to sugge...
A dominant theme in the debate on road pricing reform is securing buy in from all key stakeholder... more A dominant theme in the debate on road pricing reform is securing buy in from all key stakeholders as a pre-condition for gaining support from politicians. This paper explores the key influences and the extent to which particular road pricing schemes are acceptable to the community at large, and how this translates into support if a scheme were subject to a vote in a referendum. Using data collected in Sydney in 2012 from a sample of car users, we estimate a recursive simultaneous bivariate probit model that recognises the endogeneity effect of scheme acceptability on voting plans. We find that there is a very strong link between voting intentions and scheme acceptability, and provide a series of direct elasticity estimates of the influence that the cost elements of road pricing reform schemes have on the joint probability of accepting and voting for a scheme.
Our paper reviews and summarizes the state-of-the-art in the design and analysis of consumer choi... more Our paper reviews and summarizes the state-of-the-art in the design and analysis of consumer choice experiments. We emphasize experiments involving discrete choices, but also review related work on the design and analysis of ranking and resource allocation experiments. Major topics include 1) Choice experiments and conjoint analysis, 2) Random utility and constant utility probabilistic discrete choice models as a theoretical
According to neoclassical economic theory, the only stated preference elicitation format that can... more According to neoclassical economic theory, the only stated preference elicitation format that can feasibly be employed in field studies to which truthful response can be the dominant strategy for all respondents is a single binary choice between the status quo and one alternative. In studies where the objective is estimation of preferences for multiple attributes of a good, it is preferred (and, in some cases, necessary) based on econometric considerations, to present respondents with a sequence of choice tasks. Economic theory predicts that utility-maximising respondents may find it optimal to misrepresent their preferences in this elicitation format. In this paper, the effect on stated preferences of expanding the number of choice tasks per respondent from one to four is tested using a split sample treatment in an attribute-based survey relating to the undergrounding of overhead electricity and telecommunications wires in the Australian Capital Territory. We find evidence to sugge...
A dominant theme in the debate on road pricing reform is securing buy in from all key stakeholder... more A dominant theme in the debate on road pricing reform is securing buy in from all key stakeholders as a pre-condition for gaining support from politicians. This paper explores the key influences and the extent to which particular road pricing schemes are acceptable to the community at large, and how this translates into support if a scheme were subject to a vote in a referendum. Using data collected in Sydney in 2012 from a sample of car users, we estimate a recursive simultaneous bivariate probit model that recognises the endogeneity effect of scheme acceptability on voting plans. We find that there is a very strong link between voting intentions and scheme acceptability, and provide a series of direct elasticity estimates of the influence that the cost elements of road pricing reform schemes have on the joint probability of accepting and voting for a scheme.
Our paper reviews and summarizes the state-of-the-art in the design and analysis of consumer choi... more Our paper reviews and summarizes the state-of-the-art in the design and analysis of consumer choice experiments. We emphasize experiments involving discrete choices, but also review related work on the design and analysis of ranking and resource allocation experiments. Major topics include 1) Choice experiments and conjoint analysis, 2) Random utility and constant utility probabilistic discrete choice models as a theoretical
Uploads