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APPLYING A METHOD OF PAIRED COMPARISONS TO MEASURE ECONOMIC VALUES FOR MULTIPLE GOODS SETS AgEcon
Rosenberger, Randall S.; Peterson, George L.; Loomis, John B..
A method of paired comparison is adapted for use in estimating economic measures of value. The method elicits multiple binary choices for paired items in a choice set. Probability distributions and economic values are estimated nonparametrically and parametrically. The method is applied in an experimental context with a choice set composed of four private goods and several sums of money. The sample's median value estimtes for the goods are generally not different than the market prices for these goods. People who are in the market for a good value it higher than those not in the market for the good.
Tipo: Journal Article Palavras-chave: Alternative gains; Economic valuation; Hypothetical market; Paired comparisons; Stated choice method; Research Methods/ Statistical Methods; C51; C80; D12; Q26.
Ano: 2002 URL: http://purl.umn.edu/15516
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Multifunctional Policy Measures: Farmers' Choice AgEcon
Arovuori, Kyösti; Kola, Jukka.
The elements of multifunctional agriculture are strongly related to national, regional and local conditions. This indicates that it is hard to find common measures, which could efficiently enhance multifunctionality in different areas with different agricultural conditions. In order to really enhance the multifunctional role of agriculture, there is a need for newly designed measures. A need exists to have information from the groups involved in agricultural policy. To respond to this need we apply the stated choice method to find out, which measures Finnish farmers prefer when the measures introduced include multifunctionality enhancing elements. We introduced to farmers 12 different measures involving different levels of targeting, contracting and...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural policy; Stated choice method; Finland; Agricultural and Food Policy; Q18.
Ano: 2006 URL: http://purl.umn.edu/21400
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