The role of perceived acceptability of alternatives in identifying and assessing choice set processing strategies in stated choice settings: The case of road pricing reform
David Hensher and
Chinh Ho
Transportation Research Part E: Logistics and Transportation Review, 2015, vol. 83, issue C, 225-237
Abstract:
In designing choice experiments, it is common to present a number of alternatives to a respondent and have them choose the most preferred alternative. However, respondents may ignore one or more alternatives which they deem unacceptable for various reasons. This possibility aligns with the idea of the ‘consideration set’ which influences the choice of an alternative given the choice set of interest. This paper uses an endogenous choice set model to investigate the influence that contextual effects and socioeconomic characteristics play in explaining variations in the choice sets considered by respondents when they reveal their preferences.
Keywords: Choice of choice sets; Processing strategies; Acceptable alternatives; Random parameters; Stated choice; Road pricing; Elasticities (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:83:y:2015:i:c:p:225-237
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DOI: 10.1016/j.tre.2015.09.012
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