Economics
Does one size really fit all? Ecological endpoint heterogeneity in stated preference welfare analysis
Document Type
Article
Abstract
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. (JEL Q51).
Publication Title
Land Economics
Publication Date
8-2019
Volume
95
Issue
3
First Page
307
Last Page
332
ISSN
0023-7639
DOI
10.3368/LE.95.3.307
Repository Citation
Jensen, Anne Kejser; Johnston, Robert J.; and Olsen, Søren B., "Does one size really fit all? Ecological endpoint heterogeneity in stated preference welfare analysis" (2019). Economics. 156.
https://commons.clarku.edu/faculty_economics/156
