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Modifying Willingness to Pay Estimates where Respondents Mis-Report their Preferences

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. (Contact us about this Publication)
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
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Stewart Brownrigg
Date Deposited: 07 Mar 2014 00:05 UTC
Last Modified: 06 Feb 2020 04:09 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/40223 (The current URI for this page, for reference purposes)
Bailey, Alastair: https://orcid.org/0000-0002-4682-3251
Fraser, Iain M: https://orcid.org/0000-0002-4689-6020
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