Incomplete Preferences in Choice Experiments: A note on avoidable noise and bias in welfare estimates

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.

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Year of publication:	2010-01-15
Authors:	Kataria, Mitesh ; Shogren, Jason F.
Institutions:	Wirtschaftswissenschaftliche Fakultät, Friedrich-Schiller-Universität Jena
Subject:	Choice experiment \| Ordered Logit \| Bias \| Preference Axioms

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Extent:	application/pdf
Series:	Jena Economic Research Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2010-003
Classification:	D61 - Allocative Efficiency; Cost-Benefit Analysis ; Q51 - Valuation of Environmental Effects
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008497740