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Modeling Hidden Alternatives in Random Utility Models: An Application to "Don’t Know" Responses in Contingent Valuation

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  • Steven B. Caudill
  • Peter A. Groothuis

Abstract

Wedevelop a multinomial logitmodel with missing information that can be used to test for hidden alternatives in random utility models and contingent valuation analysis. To illustrate our latentchoice technique, we focus on the “don’t know” responses in dichotomous choice contingent valuation questions. In this version of the latent-choice model, we probabilistically reassign “don’t know” responses to either the “yes” or “no” categories (or leave them in the “don’t know” category), if indicated by the data. We find that in our two studies a statistically significant number of the “don’t know” responses are actually “no” responses.

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File URL: http://le.uwpress.org/cgi/reprint/81/3/445
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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 81 (2005)
Issue (Month): 3 ()
Pages:

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Handle: RePEc:uwp:landec:v:81:y:2005:i:3:p445-454

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Web page: http://le.uwpress.org/

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Cited by:
  1. Peter A. Groothuis & Jana D. Groothuis & John C. Whitehead, 2007. "Green vs. Green: Measuring the Compensation Required to Site Electrical Generation Windmills in a Viewshed," Working Papers 07-12, Department of Economics, Appalachian State University.
  2. Kelvin Balcombe & Iain Fraser, 2009. "Dichotomous-choice contingent valuation with 'dont know' responses and misreporting," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(7), pages 1137-1152.
  3. Kristin Cockerill & Pete Groothuis & Tanga Mohr & Courtney Cooper, 2014. "Individual water: Water source as an indicator of attitudes about water management and conservation in rural regions," Working Papers 14-04, Department of Economics, Appalachian State University.
  4. Peter A. Groothuis & John C. Whitehead, 2008. "The Provision Point Mechanism and Scenario Rejection in Contingent Valuation," Working Papers 08-01, Department of Economics, Appalachian State University.
  5. Kim, Seon-Ae & Gillespie, Jeffrey M. & Paudel, Krishna P., 2008. "Rotational grazing adoption in cattle production under a cost-share agreement: does uncertainty have a role in conservation technology adoption?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(3), September.
  6. Kilgore, Michael A. & Snyder, Stephanie A. & Schertz, Joseph & Taff, Steven J., 2008. "What does it take to get family forest owners to enroll in a forest stewardship-type program?," Forest Policy and Economics, Elsevier, vol. 10(7-8), pages 507-514, October.
  7. Peter A. Groothuis & Kristan Cockerill & Tanga M. Mohr, 2013. "Water doesn’t flow up hill: Determinants of Willingness to Pay for Water Conservation Measures in the Mountains of Western North Carolina," Working Papers 13-26, Department of Economics, Appalachian State University.
  8. Peter A. Groothuis & Jana D. Groothuis & John C. Whitehead, 2006. "The Willingness to Pay to Remove Billboards and Improve Mountain Views," Working Papers 06-04, Department of Economics, Appalachian State University.
  9. Steven B. Caudill & Peter A. Groothuis & John C. Whitehead, 2006. "Testing for Hypothetical Bias in Contingent Valuation Using a Latent Choice Multinomial Logit Model," Working Papers 06-09, Department of Economics, Appalachian State University.
  10. Gillespie, Jeffrey M. & Lewis, Darius, 2008. "Processor Willingness to Adopt a Crawfish Peeling Machine: An Application of Technology Adoption under Uncertainty," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(01), April.

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