Stated values and reminders of substitute goods: Testing for framing effects with choice modelling
- Blackwell Synergy
- Publication Type:
- Journal Article
- Australian Journal of Agriculture and Resource Economics, 2002, 46 (1), pp. 1 - 20
- Issue Date:
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.
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