How much is too much? - An investigation of the effect of the number of choice sets, starting point and the choice of bid vectors in choice experiments
Carlsson, Fredrik () (Department of Economics, School of Business, Economics and Law, Göteborg University) Martinsson, Peter () (Department of Economics, School of Business, Economics and Law, Göteborg University)
Additional information is available for the following
registered author(s):
In a split sample design, we examine how the number of choice sets, design of the first choice set (starting point), and the choice of attribute levels in the cost attribute affect the precision in the elicited preferences in otherwise completely identical choice experiment surveys. These issues are investigated for Swedish households’ marginal willingness to pay to reduce power outages. Our results indicate that neither the number´of choice sets nor the starting point choice set has a significant impact on estimated marginal willingness to pay, while the effect was significant for theadditive scaling of the cost vector. At the end of the paper we discuss the implications of our results on future developments and applications of choice experiments.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number
191.
Length: 21 pages Date of creation: 19 Jan 2006 Date of revision: Publication status: Published in Environmental and Resource Economics, 2008, pages 165-176. Handle: RePEc:hhs:gunwpe:0191
Contact details of provider: Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden Phone: 031-773 10 00 Web page: http://www.handels.gu.se/econ/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Jens Anmark).
References listed on IDEAS 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.: