Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32583 
Year of Publication: 
2010
Series/Report no.: 
Jena Economic Research Papers No. 2010,003
Publisher: 
Friedrich Schiller University Jena and Max Planck Institute of Economics, Jena
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

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