A discrete choice model with endogenous attribute attendance
AbstractThis paper develops a discrete choice model in which the decision to consider an attribute in the choice process is modelled endogenously. In an application to patients' choice of general practitioner it is found that the proposed model outperforms the standard logit model in terms of goodness of fit and produces substantially different estimates of willingness to pay.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 110 (2011)
Issue (Month): 3 (March)
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Web page: http://www.elsevier.com/locate/ecolet
Discrete choice Attribute attendance;
Other versions of this item:
- Arne Risa Hole, 2010. "A discrete choice model with endogenous attribute attendance," Working Papers 2010006, The University of Sheffield, Department of Economics, revised Feb 2010.
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Riccardo Scarpa & Timothy J. Gilbride & Danny Campbell & David A. Hensher, 2009. "Modelling attribute non-attendance in choice experiments for rural landscape valuation," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 36(2), pages 151-174, June.
- David A. Hensher, 2006. "How do respondents process stated choice experiments? Attribute consideration under varying information load," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 21(6), pages 861-878.
- Hess, Stephane & Hensher, David A., 2010. "Using conditioning on observed choices to retrieve individual-specific attribute processing strategies," Transportation Research Part B: Methodological, Elsevier, Elsevier, vol. 44(6), pages 781-790, July.
- David Hensher & William Greene, 2010. "Non-attendance and dual processing of common-metric attributes in choice analysis: a latent class specification," Empirical Economics, Springer, Springer, vol. 39(2), pages 413-426, October.
- Swait, Joffre & Ben-Akiva, Moshe, 1987. "Incorporating random constraints in discrete models of choice set generation," Transportation Research Part B: Methodological, Elsevier, Elsevier, vol. 21(2), pages 91-102, April.
- Mandy Ryan & Verity Watson & Vikki Entwistle, 2009. "Rationalising the 'irrational': a think aloud study of discrete choice experiment responses," Health Economics, John Wiley & Sons, Ltd., vol. 18(3), pages 321-336.
- Hole, Arne Risa & Kolstad, Julie Riise & Gyrd-Hansen, Dorte, 2013.
"Inferred vs. stated attribute non-attendance in choice experiments: A study of doctorsâ€™ prescription behaviour,"
Journal of Economic Behavior & Organization, Elsevier,
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- Arne Risa Hole & Julie Riise Kolstad & Dorte Gyrd-Hansen, 2012. "Inferred vs Stated Attribute Non-Attendance in Choice Experiments: A Study of Doctors' Prescription Behaviour," Working Papers 2012010, The University of Sheffield, Department of Economics.
- Stephane Hess & David Hensher, 2013. "Making use of respondent reported processing information to understand attribute importance: a latent variable scaling approach," Transportation, Springer, Springer, vol. 40(2), pages 397-412, February.
- David Hensher & Andrew Collins & William Greene, 2013. "Accounting for attribute non-attendance and common-metric aggregation in a probabilistic decision process mixed multinomial logit model: a warning on potential confounding," Transportation, Springer, Springer, vol. 40(5), pages 1003-1020, September.
- Yoo, Hong Il & Doiron, Denise, 2013.
"The use of alternative preference elicitation methods in complex discrete choice experiments,"
Journal of Health Economics, Elsevier,
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- Hong il Yoo & Denise Doiron, 2012. "The use of alternative preference elicitation methods in complex discrete choice experiments," Discussion Papers, School of Economics, The University of New South Wales 2012-16, School of Economics, The University of New South Wales.
- Collins, Andrew T. & Rose, John M. & Hensher, David A., 2013. "Specification issues in a generalised random parameters attribute nonattendance model," Transportation Research Part B: Methodological, Elsevier, Elsevier, vol. 56(C), pages 234-253.
- David Hensher & John Rose & William Greene, 2012. "Inferring attribute non-attendance from stated choice data: implications for willingness to pay estimates and a warning for stated choice experiment design," Transportation, Springer, Springer, vol. 39(2), pages 235-245, March.
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