The need to account for respondents’ preference heterogeneity in stated choice models has motivated researchers to apply random parameter logit and latent class models. In this paper we compare these three alternative ways of incorporating preference heterogeneity in stated choice models and...

El presente trabajo trata de evaluar los efectos externos de la erosión del suelo mediante el uso del método del Experimento de Elección (EE). Tras una breve revisión de la literatura socioeconómica sobre el problema de la erosión y de los métodos empleados para evaluar sus efectos, se...

En el método del experimento de elección se supone que el entrevistado es perfectamente racional, está informado y maximiza su utilidad siguiendo una regla de elección perfectamente compensatoria. Sin embargo, es posible que los individuos empleen otras reglas de decisión en sus elecciones...

The impact of the approach used to describe preference heterogeneity on welfare measures has been widely studied by the academic community. However, the question as to the degree of error in welfare estimation from an inappropriate choice of empirical approach has not been addressed yet. In this...

Choice experiments have become an important tool to provide guidance about the value of environmental goods and services. Several evidences, however, are pointing toward an important mismatch between the rationality principles assumed by this methodology and real respondents’ behaviour,...