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Forestry and the environment: economic perspectives
Authors: ---
ISBN: 085198827X 9780851988276 Year: 1993 Publisher: Wallingford: CAB international,

Stated choice methods : analysis and applications
Authors: --- --- ---
ISBN: 0521782759 0521788307 0511151616 0511046324 0511753837 0511011725 110771351X 0511031076 9780511011726 9780511031076 9780511151613 9780511046322 9780511753831 9780521782753 9780521788304 Year: 2000 Publisher: New York (N.Y.) : Cambridge university press,

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Abstract

Understanding and predicting the behaviour of decision makers when choosing among discrete goods has been one of the most fruitful areas of applied research over the last thirty years. An understanding of individual consumer behaviour can lead to significant changes in product or service design, pricing strategy, distribution channel and communication strategy selection, as well as public welfare analysis. This graduate and practitioner guide, first published in 2000, deals with the study and prediction of consumer choice behaviour, concentrating on stated preference (SP) methods - placing decision makers in controlled experiments that yield hypothetical choices - rather than revealed preferences (RP) - actual choices in the market. It shows how SP methods can be implemented, from experimental design to econometric modelling, and suggests how to combine RP and SP data to get the best from each type. The book also presents an update of econometric approaches to choice modelling.

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