Indirect elicitation of non-linear multi-attribute utility functions. A dual procedure combined with DEA
AbstractThis paper proposes a non-interactive method to elicit non-linear multi-attribute utility functions which is based on duality results. The idea is to obtain a utility function which is compatible with the observed behavior of decision makers. The paper builds on a previous work by André and Riesgo [A non-interactive method to elicit non-linear multi-attribute utility functions. Theory and application to agricultural economics. European Journal of Operational Research 2008;181:793-807] but it eliminates an important shortcoming: the necessity to have an analytical expression of the efficient set or an estimation of it. The alternative approach presented in this paper consists in using a method of projection onto the true efficient set, based on data envelopment analysis (DEA). In a simulation exercise we check the ability of the method to recover true preference parameters in the presence of errors made by decision makers.
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Bibliographic InfoArticle provided by Elsevier in its journal Omega.
Volume (Year): 37 (2009)
Issue (Month): 4 (August)
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description
Other versions of this item:
- Francisco J. André, 2007. "Indirect Elicitation of Non-Linear Multiattribute Utility Functions. A Dual Procedure Combined with DEA," Working Papers 07.02, Universidad Pablo de Olavide, Department of Economics.
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
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