Accounting for Response Biases in Latent-Class Models for Choices and Attitudes
Maria A. Cunha-e-Sá,
Luis Nunes () and
Land Economics, 2015, vol. 91, issue 3, 586-603
We propose a latent-class model (LCM) to analyze contingent-valuation surveys incorporating attitudinal questions capturing protest reasons to identify classes of respondents with similar preferences and attitudes. In contrast to a standard LCM, our model ensures that classes are not contaminated by different types of response biases. Using data regarding the preservation of a world-heritage recreation site, low- and high-protester classes are identified. The difference in estimated willingness to pay (WTP) in these classes is €26, reflecting protest issues. If response biases were ignored, different classes would be identified and the corresponding difference in WTPs would be inflated by 130%.
JEL-codes: C35 Q51 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:91:y:2015:i:3:p:586-603
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