Incomplete preferences in choice experiments: A note on avoidable noise and bias in welfare estimates

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.

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Year of publication:	2010
Authors:	Kataria, Mitesh ; Shogren, Jason F.
Publisher:	Jena : Friedrich Schiller University Jena and Max Planck Institute of Economics
Subject:	Präferenztheorie \| Test \| Bias \| Logit-Modell \| Wohlfahrtseffekt \| Choice experiment \| Ordered Logit \| Preference Axioms

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Series:	Jena Economic Research Papers ; 2010,003
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	618598618 [GVK] hdl:10419/32583 [Handle]
Classification:	D61 - Allocative Efficiency; Cost-Benefit Analysis ; Q51 - Valuation of Environmental Effects
Source:	EconStor

Persistent link: https://www.econbiz.de/10010271185