Modeling Hidden Alternatives in Random Utility Models: An Application to Don’t Know Responses in Contingent Valuation
AbstractWedevelop 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 âdonât knowâ responses in dichotomous choice contingent valuation questions. In this version of the latent-choice model, we probabilistically reassign âdonât knowâ responses to either the âyesâ or ânoâ categories (or leave them in the âdonât knowâ category), if indicated by the data. We find that in our two studies a statistically significant number of the âdonât knowâ responses are actually ânoâ responses.
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Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 04-07.
Date of creation: 2004
Date of revision:
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Postal: Thelma C. Raley Hall, Boone, North Carolina 28608
Web page: http://www.business.appstate.edu/departments/economics/
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Other versions of this item:
- Steven B. Caudill & Peter A. Groothuis, 2005. "Modeling Hidden Alternatives in Random Utility Models: An Application to "Don’t Know" Responses in Contingent Valuation," Land Economics, University of Wisconsin Press, vol. 81(3).
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
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- 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.
- Peter A. Groothuis & John C. Whitehead, 2008.
"The Provision Point Mechanism and Scenario Rejection in Contingent Valuation,"
08-01, Department of Economics, Appalachian State University.
- Groothuis, Peter A. & Whitehead, John C., 2009. "The Provision Point Mechanism and Scenario Rejection in Contingent Valuation," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 38(2), October.
- 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.
- Seon-Ae Kim & Jeffrey M. Gillespie & Krishna P. Paudel, 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), pages 235-252, 09.
- 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.
- Groothuis, Peter A. & Groothuis, Jana D. & Whitehead, John C., 2008.
"Green vs. green: Measuring the compensation required to site electrical generation windmills in a viewshed,"
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- 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.
- 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.
- 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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