Incomplete preferences in choice experiments : a note on avoidable noise and bias in welfare estimates

Mitesh Kataria; Jason F. Shogren

How does a choice experiment (CE) model derived under standard preference axioms perform for respondents with incomplete preferences? Using simulated data, we show how such miss-specification results in unnecessary noise and bias in welfare estimates, and can be avoided. -- Choice experiment ; Ordered Logit ; Bias ; Preference Axioms

MoreLess

Year of publication:	2010
Authors:	Kataria, Mitesh ; Shogren, Jason F.
Publisher:	Jena : Univ. [u.a.]
Subject:	Präferenztheorie \| Theory of preferences \| Experiment \| Systematischer Fehler \| Bias \| Logit-Modell \| Logit model \| Wohlfahrtsanalyse \| Welfare analysis

Extent:	Online-Ressource (9 S.) Tab.
Series:	Jena economics research papers. - Jena : [Verlag nicht ermittelbar], ISSN 1864-7057, ZDB-ID 2388825-8. - Vol. 2010,003
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Parallel als Druckausg. erschienen Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/32583 [Handle]
Classification:	D61 - Allocative Efficiency; Cost-Benefit Analysis ; Q51 - Valuation of Environmental Effects
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003931382