| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Lexicographic Preferences in Discrete Choice Experiments: Consequences on Individual-Specific Willingness to Pay Estimates | |
| Danny Campbell; W. George Hutchinson; Riccardo Scarpa | |
| 发表日期 | 2006 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | In discrete choice experiments respondents are generally assumed to consider all of the attributes across each of the alternatives, and to choose their most preferred. However, results in this paper indicate that many respondents employ simplified lexicographic decision-making rules, whereby they have a ranking of the attributes, but their choice of an alternative is based solely on the level of their most important attribute(s). Not accounting for these simple decision-making heuristics introduces systemic errors and leads to biased point estimates, as they are a violation of the continuity axiom and a departure from the use of compensatory decision-making. In this paper the implications of lexicographic preferences are examined. In particular, using a mixed logit specification this paper investigates the sensitivity of individual-specific willingness to pay (WTP) estimates conditional on whether lexicographic decision-making rules are accounted for in the modelling of discrete choice responses. Empirical results are obtained from a discrete choice experiment that was carried out to address the value of a number of rural landscape attributes in Ireland. |
| 特色分类 | C35,Q24,Q51 |
| 关键词 | Continuity axiom,Discrete Choice Experiments,Lexicographic Preferences,Mixed logit,Individual-Specific Willingness to Pay |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/lexicographic-preferences-in-discrete-choice-experiments-consequences-on-individual-specific-willingness-to-pay-estimates/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117391 |
| 推荐引用方式 GB/T 7714 | Danny Campbell,W. George Hutchinson,Riccardo Scarpa. Lexicographic Preferences in Discrete Choice Experiments: Consequences on Individual-Specific Willingness to Pay Estimates. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2006-128.pdf（1540KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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