Expert Elicitation and Stated Preferences Valuation

Sammanfattning

Practitioners of both Expert Elicitation and Stated Preferences Valuation design protocols that place respondents—experts and general audiences, respectively—in hypothetical, feasible scenarios to later on present them to carefully crafted questions that elicit, respectively, their expert, professional judgments and economic preferences. These practitioners have only recently talked to each other. This chapter describes three ongoing conversations. Valuation can benefit from expert elicitation in two ways. First, valuation protocols may use experts’ judgments to tie preferences of a general audience to scientifically sounding changes in the good under valuation. Second, valuation practitioners may gather the judgment of expert economists to estimate welfare measures. Expert elicitation protocols can benefit from adapting valuation questions to gather experts’ judgments. This chapter also reports a non-comprehensive list of promising research areas that require the intersection of these two fields.

Nyckelord

Data (un)availability; Elicitation question; Experts’ opinion; General audience’s preferences; Mixed methods; Scientific uncertainty

Publicerad i

Titel: Encyclopedia of Energy, Natural Resource, and Environmental Economics (Second Edition)
Utgivare: Elsevier Inc.

SLU författare

• Martinez Cruz, Adan

  • Institutionen för skogsekonomi, Sveriges lantbruksuniversitet
    
  • Centrum för Miljö- och Naturresursekonomi (CERE)

UKÄ forskningsämne

Nationalekonomi

Publikationens identifierare

• DOI: https://doi.org/10.1016/B978-0-323-91013-2.00067-8

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/132926