Manipulating a stated choice experiment

This paper considers the design of a stated choice experiment intended to measure the marginal rate of substitution (MRS) between cost and an attribute such as time using a conventional logit model. Focusing the experimental design on some target MRS will bias estimates towards that value. The paper shows why this happens. The resulting estimated MRS can then be manipulated by adapting the target MRS in the experimental design.

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Year of publication:	2015
Authors:	Fosgerau, Mogens ; Börjesson, Maria

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Fosgerau, Mogens and Börjesson, Maria (2015): Manipulating a stated choice experiment. Forthcoming in: Journal of Choice Modelling
Classification:	C9 - Design of Experiments ; D10 - Household Behavior and Family Economics. General ; Q51 - Valuation of Environmental Effects
Source:	BASE

Persistent link: https://www.econbiz.de/10015249301