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Title:Incomplete preferences in choice experiments: A note on avoidable noise and bias in welfare estimates PDF Logo
Authors:Kataria, Mitesh
Shogren, Jason F.
Issue Date:2010
Series/Report no.:Jena economic research papers 2010,003
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.
Subjects:Choice experiment
Ordered Logit
Bias
Preference Axioms
JEL:D61
Q51
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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