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- Jena Economics Rese...
- Volume 4
- Incomplete Preferen...
Incomplete Preferences in Choice Experiments: A note on avoidable noise and bias in welfare estimates
- Autor(in)
- Erschienen
- 15. Januar 2010
- Nummer des Discussion-Papers
-
2010-003
- Schlagwort(e)
-
Bias
Choice experiment
Ordered Logit
Preference Axioms
- Zusammenfsg.
-
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
- URN
- urn:nbn:de:urmel-2fbc427b-dfb0-4e04-a609-e9c64a314c257-00181021-12