Manipulating a stated choice experiment

Mogens Fosgerau and Maria Börjesson

MPRA Paper from University Library of Munich, Germany

Abstract: This paper considers the design of a stated choice experiment intended to measure the marginal rate of substitution (MRS) between cost and an attribute such as time using a conventional logit model. Focusing the experimental design on some target MRS will bias estimates towards that value. The paper shows why this happens. The resulting estimated MRS can then be manipulated by adapting the target MRS in the experimental design.

Keywords: stated choice; willingness to pay; misspecification; experimental design (search for similar items in EconPapers)
JEL-codes: C9 D10 Q51 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-dcm, nep-ecm, nep-exp and nep-tre
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Journal Article: Manipulating a stated choice experiment (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:67053

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