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Mixed logit Willingness-to-pay Model comparison 1
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Balcombe, Kelvin 1 Chalak, Ali 1 Fraser, Iain 1
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Journal of Environmental Economics and Management 1
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Model selection for the mixed logit with Bayesian estimation
Balcombe, Kelvin; Chalak, Ali; Fraser, Iain - In: Journal of Environmental Economics and Management 57 (2009) 2, pp. 226-237
In this paper, the mixed logit (ML) using Bayesian methods was employed to examine willingness-to-pay (WTP) to consume bread produced with reduced levels of pesticides so as to ameliorate environmental quality, from data generated by a choice experiment. Model comparison used the marginal...
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