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dc.contributor.authorFerrini, Silvia
dc.contributor.authorScarpa, Riccardo
dc.date.accessioned2009-01-29T03:43:01Z
dc.date.available2009-01-29T03:43:01Z
dc.date.issued2007
dc.identifier.citationFerrini, S. & Scarpa, R. (2007). Designs with a priori information for nonmarket valuation with choice experiments: A Monte Carlo study. Journal of Environmental Economics and Management, 53(3), 342-363.en
dc.identifier.urihttps://hdl.handle.net/10289/1915
dc.description.abstractGood practice in experimental design is essential for choice experiments used in nonmarket valuation. We review the practice of experimental design for choice experiments in environmental economics and we compare it with advances in experimental design. We then evaluate the statistical efficiency of four different designs by means of Monte Carlo experiments. Correct and incorrect specifications are investigated with gradually more precise information on the true parameter values. The data generating process (DGP) is based on estimates from data of a real study. Results indicate that D-efficient designs are promising, especially when based on Bayesian algorithms with informative prior. However, if good quality a priori information is lacking, and if there is strong uncertainty about the real DGP—conditions which are quite common in environmental valuation—then practitioners might be better off with shifted designs built from conventional fractional factorial designs for linear models.en
dc.language.isoen
dc.publisherAcademic Pressen_NZ
dc.relation.urihttp://www.sciencedirect.com/science/journal/00950696en
dc.subjectexperimental designen
dc.subjectchoice experimentsen
dc.subjectD-criterionen
dc.subjectnonmarket valuationen
dc.titleDesigns with a priori information for nonmarket valuation with choice experiments: A Monte Carlo studyen
dc.typeJournal Articleen
dc.identifier.doi10.1016/j.jeem.2006.10.007en
dc.relation.isPartOfJournal of Environmental Economics and Managementen_NZ
pubs.begin-page342en_NZ
pubs.elements-id32403
pubs.end-page363en_NZ
pubs.issue3en_NZ
pubs.volume53en_NZ


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