Using a choice experiment survey, the marginal willingness to pay (WTP) among Swedish households for reductions in power outages is estimated. The results from the random parameter logit estimation…

In a split sample design, we examine how the number of choice sets, design of the first choice set (starting point), and the choice of attribute levels in the cost attribute affect the precision in…

Although conventional economic theory proposes that only the absolute levels of income and consumption matter for people’s utility, there is much evidence that relative concerns are often important…

Using a contingent valuation survey, we elicit Swedish households' willingness to pay (WTP) to avoid power outages. In the study respondents are asked to state their WTP for avoiding nine different…

This paper proposes that people derive utility not only from goods or their attributes as in standard models, but also from their self-image as influenced by their own perception of their preferences…

Eishers are risk-averse according to most empirical studies, while expected-utility theory predicts risk neutrality even for sizable stakes. We test this prediction using data from a stated-choice…

This paper analyzes the marginal willingness to pay for changes in noise levels related to changes in the volume of flight movements at a city airport in Stockholm, Sweden, by using a choice…

Using a contingent valuation survey, people’s willingness to pay for a given risk reduction is found to be much larger, consistently more than two times as large, when traveling by air compared to by…

This paper discusses different design techniques for stated preference surveys in health economic applications. In particular, we focus on different design techniques, i.e. how to combine the…

Choice experiments are becoming ever more frequently applied to the valuation of non-market goods. The purpose of this paper is to give a detailed description of the steps involved in a choice…