Incomplete Preferences in Choice Experiments: A note on avoidable noise and bias in welfare estimates
- author
-
Kataria, Mitesh (Economist)
Shogren, Jason F. (Economist)
- Published
- 2010-01-15
- Number of discussion paper
-
2010-003
- keyword(s)
-
Bias
Choice experiment
Ordered Logit
Preference Axioms
- abstract
-
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.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- D61 - Allocative Efficiency; Cost–Benefit Analysis ; Q51 - Valuation of Environmental Effects
