Balcombe, Kelvin, Bailey, Alastair, Chalak, Ali, Fraser, Iain M (2008) Modifying Willingness to Pay Estimates where Respondents Mis-Report their Preferences. Applied Economics Letters, 15 (5). pp. 327-330. ISSN 1466-4291. (doi:10.1080/13504850600706123) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:40223)
| The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
| Official URL: http://dx.doi.org/10.1080/13504850600706123 |
|
Abstract
The likelihood for the Logit model is modified, so as to take account of uncertainty associated with mis-reporting in stated preference experiments estimating willingness to pay (WTP). Monte Carlo results demonstrate the bias imparted to estimates where there is mis-reporting. The approach is applied to a data set examining consumer preferences for food produced employing a nonpesticide technology. Our modified approach leads to WTP that are substantially downwardly revised.
| Item Type: | Article |
|---|---|
| DOI/Identification number: | 10.1080/13504850600706123 |
| Additional information: | number of additional authors: 3; |
| Subjects: |
H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
| Institutional Unit: | Schools > School of Economics and Politics and International Relations > Economics |
| Former Institutional Unit: |
Divisions > Division of Human and Social Sciences > School of Economics
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| Depositing User: | Stewart Brownrigg |
| Date Deposited: | 07 Mar 2014 00:05 UTC |
| Last Modified: | 20 May 2025 12:39 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/40223 (The current URI for this page, for reference purposes) |
University of Kent Author Information
Bailey, Alastair.
| Creator's ORCID: |
 https://orcid.org/0000-0002-4682-3251
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|---|---|
| CReDIT Contributor Roles: |
Fraser, Iain M.
| Creator's ORCID: |
https://orcid.org/0000-0002-4689-6020
|
|---|---|
| CReDIT Contributor Roles: |
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