Discrete Choice Experiments (DCE)

are a stated preference valuationStated preference valuation is a term for survey-based methods which are often applied to estimate the willingness to pay (WTP) for non-market goods (e.g., environmental public goods) or policies that deliver them. In contrast to ... More technique based on hypothetical choices individuals make in carefully prepared situations. It allows to formally model people’s preferences and estimate their willingness-to-pay for particular characteristics of goodsare the objects from ecosystems that people value through experience, use or consumption, whether that value is expressed in economic, social or personal terms. Note that the use of this term here goes well beyond a narrow definit... More and services (including non-market goodsare the objects from ecosystems that people value through experience, use or consumption, whether that value is expressed in economic, social or personal terms. Note that the use of this term here goes well beyond a narrow definit... More, such as environmental public goodsPublic goods are non-rival (they cannot be exhausted) and non-excludable (there are no boundaries). An environmental example in the Contracts2.0 context is an open and beautiful landscape which can be enjoyed by one person without... More).