Controlling for the Effects of Information in a Public Goods Discrete Choice Model
Mikolaj Czajkowski,
Nick Hanley and
Jacob LaRiviere
Environmental & Resource Economics, 2016, vol. 63, issue 3, 523-544
Abstract:
This paper develops a reduced form method of controlling for differences in information sets of subjects in public good discrete choice models, using stated preference data. The main contribution of our method comes from accounting for the effect of information provided during a survey on the mean and the variance of individual-specific scale parameters. In this way we incorporate both scale heterogeneity as well as observed and unobserved preference heterogeneity to investigate differences across and within information treatments. Our approach will also be useful to researchers who want to combine stated preference data sets while controlling for scale differences. We illustrate our approach using the data from a discrete choice experiment study of a biodiversity conservation program and find that the mean of individual-specific scale parameters and its variance in the sample is sensitive to the information set provided to the respondents. Copyright The Author(s) 2016
Keywords: Information effects; Uncertainty; Discrete Choice modelling; Combined datasets; Q51; C51; D03; D83; D61 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (46)
Downloads: (external link)
http://hdl.handle.net/10.1007/s10640-014-9847-z (text/html)
Access to full text is restricted to subscribers.
Related works:
Working Paper: Controlling for the effects of information in a public goods discrete choice model (2014) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:kap:enreec:v:63:y:2016:i:3:p:523-544
Ordering information: This journal article can be ordered from
http://www.springer. ... al/journal/10640/PS2
DOI: 10.1007/s10640-014-9847-z
Access Statistics for this article
Environmental & Resource Economics is currently edited by Ian J. Bateman
More articles in Environmental & Resource Economics from Springer, European Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().