THEORETICAL AND EMPIRICAL CONSIDERATIONS OF ELICITING PREFERENCES AND MODEL ESTIMATION IN CONJOINT ANALYSIS

R Wes Harrison (), Jeffrey Gillespie and Deacue Fields

No 20680, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The theoretical underpinnings associated with eliciting consumer preferences and statistical properties of alternative models in conjoint analysis are examined. Results show that model selection makes little difference in the context of sign and significance of coefficients. However, results show that tobit is a better predictor of ordinal ranking relative to the probit model.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 19
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20680

DOI: 10.22004/ag.econ.20680

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