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A recurring issue in the discourse about choice modelling is the role of consideration sets. Many scholars have proposed that consumers will follow a twostage decision process. This paper argues that in spatial choice contexts the role of the consideration set may largely depend on the decision...
Persistent link: https://www.econbiz.de/10010289582
We briefly review and discuss traditional conjoint analysis (CA) and discrete choice experiments (DCEs), widely used stated preference elicitation methods in several disciplines. We pay particular attention to the origins and basis of CA, and show that it is generally inconsistent with economic...
Persistent link: https://www.econbiz.de/10010289562
Disagreement among researchers regarding types of optimal choice experiments is often best seen as resulting from differences in the set of assumptions researchers are willing to make about the underlying data generating process. Much of the current debate may have confused, rather than...
Persistent link: https://www.econbiz.de/10010289573
We propose and describe a comprehensive theoretical framework that integrates choice models and structural equation models. Referred to as structural choice modelling the framework easily combines data from separate but related choice experiments. We describe the mathematical properties of the...
Persistent link: https://www.econbiz.de/10010289592