Lecture 3: CBA Valuing costs and benefits Flashcards
1
Q
What is stated preference?
A
2
Q
What 3 key factors are important in the design of stated preference techniques?
A
3
Q
What is contingent valuation?
A
4
Q
Describe an example of contingent valuation
A
5
Q
What are the different types of surveys for contingent valuation?
A
6
Q
When doing stated preference survey design, what should we think about for the payment vehicle?
A
7
Q
What are the different elicitation techniques for stated preference?
A
8
Q
What are the 4 biases to be considered with survey design. How can each be corrected?
A
9
Q
What is stated preference choice modelling?
A
10
Q
What are the strengths and weaknesses of stated preference choice modelling?
A
11
Q
When thinking about regulatory costs can you give an overview of the different costs we should quantify?
A
