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dc.contributor.authorCampbell, Danny
dc.contributor.authorHutchinson, W. George
dc.contributor.authorScarpa, Riccardo
dc.date.accessioned2008-12-14T20:36:21Z
dc.date.available2008-12-14T20:36:21Z
dc.date.issued2007-09
dc.identifier.citationCampbell, D., Hutchinson, W. G. & Scarpa, R. (2007). Incorporating discontinuous preferences into the analysis of discrete choice experiments. (Department of Economics Working Paper Series, Number 18/07). Hamilton, New Zealand: University of Waikato.en_US
dc.identifier.urihttps://hdl.handle.net/10289/1607
dc.description.abstractData from a discrete choice experiment on improvements of rural landscape attributes are used to investigate the implications of discontinuous preferences on willingness to pay estimates. Using a multinomial error component logit model, we explore differences in scale and unexplained variance between respondents with discontinuous and continuous preferences and condition taste intensities on whether or not each attribute was considered by the respondent during the evaluation of alternatives. Results suggest that significant improvements in model performance can be achieved when discontinuous preferences are accommodated in the econometric specification, and that the magnitude and robustness of the willingness to pay estimates are sensitive to discontinuous preferences.en_US
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.relation.ispartofseriesDepartment of Economics Working Paper Series
dc.subjectdiscontinuous preferencesen_US
dc.subjectheteroskedastic mixed logiten_US
dc.subjectdiscrete choice experimentsen_US
dc.subjectmultinomial error component logit modelen_US
dc.subjectrural landscapeen_US
dc.subjectwillingness to payen_US
dc.titleIncorporating discontinuous preferences into the analysis of discrete choice experimentsen_US
dc.typeWorking Paperen_US
uow.relation.series18/07


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