You are here: Home
/ Publication Information
Title: Economic valuation by the method of paired comparison, with emphasis on evaluation of the transitivity axiom
Author: Peterson, George L.; Brown, Thomas C.
Source: Land economics. 74(2): 240-261
Publication Series: Miscellaneous Publication
Description: The paired comparison (PC) method is used to investigate reliability, transitivity, and decision time for binary choices among goods and sums of money. The PC method reveals inconsistent choices and yields individual preference order over the set of items being compared. The data reported support the transitivity assumption and demonstrate high reliability for individual preference order. The paper also discusses using the PC method to obtain conservative median and mean estimates of willingness to accept compensation for public and private goods. The PC method may prove useful for valuing public goods, and warrants further study.
Keywords: paired comparison, preferences, willingness to accept compensation, public goods
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
- You may send email to firstname.lastname@example.org to request a hard copy of this publication. (Please specify exactly which publication you are requesting and your mailing address.)
XML: View XML
Peterson, George L.; Brown, Thomas C. 1998. Economic valuation by the method of paired comparison, with emphasis on evaluation of the transitivity axiom. Land economics. 74(2): 240-261
Get the latest version of the Adobe Acrobat reader or Acrobat Reader for Windows with Search and Accessibility