Stated values and reminders of substitute goods: Testing for framing effects with choice modelling

Jeff Bennett, John Rolfe, Jordan Louviere

    Research output: Contribution to journalArticle

    Abstract

    Choice modelling, a non-market valuation technique, is used to explore framing issues in the context of environmental valuations. Choice modelling appears to have promise in simultaneously valuing a pool of substitute amenities and goods. Describing choices according to component attributes can also help to frame choices according to a number of trade-offs. The statistical information available helps to determine where framing effects have occurred. Three choice modelling experiments were reviewed to show that framing effects may be more widespread in non-market valuation studies than is commonly thought.
    Original languageEnglish
    Pages (from-to)1-20
    JournalAustralian Journal of Agricultural and Resource Economics
    Volume46
    Issue number1
    Publication statusPublished - 2002

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