Abstract:
The purpose of this chapter is to introduce the idea of using stated preference discrete choke experiments (SPDCEs) for valuation and welfare estimation, We begin by discussing SPDCEs and the random utility theory-based choice models that wlderHe their analysis. Given the purpose of this handbook, this naturally then leads to a dis~ (ussion of how to use choice models estimated from $PDCEs to carry out valuation and welfare analysis,