文章基本信息

标题：Incorrectly accounting for preference heterogeneity in choice experiments: Implications for welfare measurement
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作者：Torres, Catalina M. ; Colombo, Sergio ; Hanley, Nick 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2014
页码：97-121
出版社：Journal of Agribusiness
摘要：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 paper, we use Monte Carlo analysis to investigate this issue. Our overall conclusion is that, when analysts have difficulties in choosing the best approach relying on available statistical tests, smaller errors in welfare measures are likely to come from use of a latent class model.
关键词：Choice experiments;Monte Carlo analysis;preference heterogeneity;welfare measurement