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size. These results indicate substantial welfare losses derived from low-quality electricity services equivalent to over 35 …
Persistent link: https://www.econbiz.de/10011715694
This paper explores five under-recognised conceptual issues in the use of discrete choice tasks in eliciting a tariff for health and/or quality of life instruments. Its purpose is not to explore econometric and statistical techniques but to offer advice on design and practical matters gleaned...
Persistent link: https://www.econbiz.de/10012986774
Modeling consumer choice in different areas has lead to an increase use of discrete choice models. Probit or Multinomial Logit Models are often the base of further empirical research of consumer choice. In some of these models the equations to solve have no closed-form expression. They include...
Persistent link: https://www.econbiz.de/10011342045
Despite increasing popularity, quality improvement programs (QIP) have had modest and variable impacts on enhancing the quality of physician practice. We investigate the heterogeneity of physicians’ preferences as a potential explanation of these mixed results in France, where the national...
Persistent link: https://www.econbiz.de/10011586673
Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences and neglect … unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for … discrete choice that does not suffer from these drawbacks. We first adapt the broad class of individual welfare measures …
Persistent link: https://www.econbiz.de/10012513281
The current level of competition in European commercial passenger rail markets is low and empirical data on customer preferences in intramodal competition has hardly been available, yet. Our study raises the knowledge of competition in commercial passenger rail by exploring the determinants of...
Persistent link: https://www.econbiz.de/10010286431
This contribution contains an international comparison of preferences. Using two Discrete Choice Experiments (DCE), it measures willingness to pay for health insurance attributes in Germany and the Netherlands. Since the Dutch DCE was carried out right after the 2006 health reform, which made...
Persistent link: https://www.econbiz.de/10008695364
In this paper we use Bayes estimates of a multinomial probit model with fully flexible substitution patterns to forecast consumer response to ultra-low-emission vehicles. In this empirical application of the probit Gibbs sampler, we use stated-preference data on vehicle choice from a...
Persistent link: https://www.econbiz.de/10009510145
Background: This contribution seeks to measure preferences for health insurance in Germany and the Netherlands, using two Discrete Choice Experiments (DCE). Since the Dutch DCE was carried out right after the 2006 health reform, which made citizens explicitly choose a health insurance contract,...
Persistent link: https://www.econbiz.de/10010526906
Previous literature on the distribution of willingness to pay has focused on its heterogeneity distribution without addressing exact interval estimation. In this paper we derive and analyze Bayesian confidence sets for quantifying uncertainty in the determination of willingness to pay for carbon...
Persistent link: https://www.econbiz.de/10009787468