Although mixed logit models are common in stated preference applications, resulting welfare estimates can be sensitive to minor changes in specification. This can be of critical relevance for policy and welfare analysis, particularly if policymakers are unaware of practical implications. Drawing...

Economists have generated an abundance of willingness to pay estimates to help inform U.S. farmland protection policies. Stated preference approaches are often used for such estimations, with an increasing reliance placed on discrete choice models such as mixed logit, in which results can be...

Although mixed logit models are common in stated preference applications, resulting welfare estimates can be sensitive to minor changes in specification. This can be of critical relevance for policy and welfare analysis, particularly if policymakers are unaware of practical implications. Drawing...