Selecting random parameters in discrete choice experiment for environmental valuationA simulation experiment

1. Mariel Chladkova, Petr
2. Ayala Bilbao, Amaya de
3. Hoyos Ramos, David
4. Abdullah, Sabah S.

Exportar

Exportar

×

MLA

modern-language-association

APA

apa

Chicago

chicago-fullnote-bibliography

Harvard

harvard-cite-them-right

Vancouver

vancouver-author-date

---

RIS BibTex

Exportar

×

El documento no se puede exportar porque pertenece a otro portal.

Texto completo

lock_openADDI externo

DIALNET GOOGLE SCHOLAR lock_openADDI editor

Otras publicaciones en: Documentos de Trabajo BILTOKI

Resumen

This paper examines the various tests commonly used to select random parameters in choice modelling. The most common procedures for selecting random parameters are: the Lagrange Multiplier test as proposed by McFadden and Train (2000), the t-statistic of the deviation of the random parameter and the log-likelihood ratio test. The identification of random parameters in other words the recognition of preference heterogeneity among population is based on the fact that an individual makes a choice depending on her/his: tastes, perceptions and experiences. A simulation experiment was carried out based on a real choice experiment and the results indicated that the power of these three tests depends importantly on the spread and type of the tested parameter distribution.

Fuente de los datos: Dialnet