Showing 1 - 10 of 97
reports the results of a meta-analysis of hypothetical bias in 28 stated preference valuation studies that report monetary … skewness. Since a comprehensive theory of hypothetical bias has not been developed, we use a set of explanatory variables based … important in reducing bias, though an insufficient number of studies and confounding with other variables prevents us from …
Persistent link: https://www.econbiz.de/10009467788
Overall wine consumption in Spain is decreasing while, at the same time,Designation of Origin (DO) wine consumption is increasing gradually. This studyexamines Spanish DO wine consumer behaviour through stated preferences (SP) andrevealed preferences (RP) data. Part-worth utilities are...
Persistent link: https://www.econbiz.de/10009445011
illustratethe numerous ways that hypothetical bias in stated preference data canlead to increases in the estimates of the economic … benefits of recreation and recreationquality improvement. Hypothetical bias affects estimates of the numberof trips and slope … coefficients. Hypothetical bias does not affect elasticity orconsumer surplus per-trip estimates. When the product of trips and …
Persistent link: https://www.econbiz.de/10009446444
experiment and implement several econometric techniques to address omitted variable bias, paying special attention to alternative …, two practical issues in obtaining valid welfare estimates. The first is omitted variable bias, where the estimated impacts …
Persistent link: https://www.econbiz.de/10009450652
In models with unobserved taste heterogeneity, distributional assumptions can be placed in two ways: (1) by specifying the distribution of coefficients in the utility function and deriving the distribution of willingness to pay (wtp), or (2) by specifying the distribution of wtp and deriving the...
Persistent link: https://www.econbiz.de/10009442000
choice experiment addressing river restoration. Results demonstrate shortcomings in standard treatments of spatial …
Persistent link: https://www.econbiz.de/10009444304
Although mixed logit models are common in stated preference applications, resulting welfare estimates can be sensitive to minor changes in specification. This can be of critical relevance for policy and welfare analysis, particularly if policymakers are unaware of practical implications. Drawing...
Persistent link: https://www.econbiz.de/10009446090
The purpose of this dissertation is to investigate dual approaches to corner solutions that are both tractable and flexible in recreation demand. Two structural models are estimated using data from the Iowa wetlands survey in the incomplete demand system context. This dissertation expands...
Persistent link: https://www.econbiz.de/10009431304
parametric utility specifications impart bias upon welfare estimates. A goal of this paper is to extend previous work on … single recreationist. These techniques are demonstrated in a Monte Carlo experiment. …
Persistent link: https://www.econbiz.de/10009445755