Are choice experiments incentive compatible? A test with quality differentiated beef steaks

被引:503
作者
Lusk, JL [1 ]
Schroeder, TC
机构
[1] Purdue Univ, Dept Agr Econ, W Lafayette, IN 47907 USA
[2] Kansas State Univ, Dept Agr Econ, Manhattan, KS 66506 USA
关键词
CVM; conjoint analysis; heteroskedastic extreme value model; hypothetical bias; multinomial probit; random parameters logit;
D O I
10.1111/j.0092-5853.2004.00592.x
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
This study compares hypothetical and nonhypothetical responses to choice experiment questions. We test for hypothetical bias in a choice experiment involving beef ribeye steaks with differing quality attributes. In general, hypothetical responses predicted higher probabilities of purchasing beef steaks than nonhypothetical responses. Thus, hypothetical choices overestimate total willingness-to-pay for beef steaks. However, marginal willingness-to-pay for a change in steak quality is, in general, not statistically different across hypothetical and actual payment settings.
引用
收藏
页码:467 / 482
页数:16
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