S T A T E
D P R E F E R E N C E M E T H O D S
State-of-the-art
MODELLING
May 3 – 7,
2010
CERE & Department of Forest Economics,
SLU-Umeå
Introduction
Prerequisites Schedule Topics Reading material Examination
Lodging/Travel Registration/contact info
Participant list
This course
focuses on the practical issues of contingent valuation and choice experiments.
A goal of the course is that the student should come away with a good idea of
how to apply the most recent techniques that are used. Therefore, a significant
amount of time is allotted to implementation within existing econometric
packages. Examples and exercises make up a central part of the course. Course
participants are presented with data sets originating from applications in
resource economics, transportation and marketing research.
The
instructors are Dr.
Bengt Kriström, Professor of Resource Economics at CERE (www.cere.se), Dr. Pierre Mahieu, CERE and Dr. Benedicte Rulleau, Université de Versailles-Saint-
Prerequisites
Participants
should be familiar with an econometrics package. Students should read the background material before starting the course.
Lectures
Computer
Exercises
Monday 3 Time:
10.00 Location: Seminar
room, department of forest economics
Lecture: Welfare Economics & Contingent
Valuation
Lab 1 Time:13.00 Location:
Seminar room, department of forest economics
Tuesday 4
Time: 9.00 Location:
Seminar room, department of forest economics
Lecture: Contingent Valuation II
Lab 2 Time:
13.00 Location: Seminar
room, department of forest economics
Wednesday
5 Time: 9.00 Location. Seminar
room, department of forest economics
Lecture: Extensions
Lab 3 Time:
13.00 Location: Seminar
room, department of forest economics
Thursday 6
Time: 9.00 Location:
Seminar room, department of forest economics
Lecture: Choice Experiments, I
Lab 4 Time:
13.00 Location: Seminar
room, department of forest economics
Friday 7
Time: 9.00 Location: Seminar room,
department of forest economics
Lecture: Choice Experiments, I
Lab 5 Time:
13.00 Location: Seminar
room, department of forest economics
Background and teaching material
Lecture notes
and computer exercise instructions are delivered at class.
Participants
are assumed to have carefully read
Material on
R, including downloading the program at www.r-project.org
Hanemann,
W. M. (1984), Welfare Evaluations in Contingent Valuation Experiments with
Discrete Responses, American Journal of Agricultural Economics, 66,
332-41.
Kriström,
B. and T. Laitila (2003), Stated Preference Methods for Environmental
Valuation: a Critical Look. In: The International Yearbook of Environmental
and Resource Economics 2003/2004, Ed. Folmer, H. and Tietenberg, T. New
Horizons in Environmental Economics, Edward Elgar,
Useful
preparation stuff are also found in
Bateman,
Carson, Day, Hanemann, Hanley, Hett, Jones-Lee, Loomes, Mourato, Özdemiroglu, Pearce, Sugden and
Swanson (2002), Economic Valuation with Stated Preference Techniques: A
Manual, Edward Elgar,
Chapters on Maximum-Likelihood, Logit/Probit
and Discrete-Choice models in e.g.
Greene, W.H. (2008), Econometric Analysis 8th Ed.,
Prentice-Hall. (Or earlier editions).
Boxall, P.C., Adamowicz, W.L., Swait, J.
Williams, M., and Louviere, J. (1996). A Comparison of Stated Preference Methods for
Environmental Valuation, Ecological Economics, Vol. 188, 243-253.
Examination
Assignments.
On your own. See www-sekon.slu.se\~bkr\hotels.htm for accomodation suggestions.
Registration
can be made by sending an E-mail or a letter containing Name, Address, Phone,
and E-mail to
Department
of Forest Economics
SLU-Umeå
SE-901 83 Umeå
Sweden
Bengt.Kristrom@sekon.slu.se