The status quo in discrete choice experiments: is it relevant?

Citation

W Mohamad, Wan Norhidayah and Willis, Ken and Powe, Neil A. (2019) The status quo in discrete choice experiments: is it relevant? Singapore Economic Review, 65 (2). pp. 507-532. ISSN 0217-5908; ESSN: 1793-6837

Abstract

An issue in environmental economics is how respondents make choices in discrete choice experiments (DCEs), and whether different strategies impact on the reliability of willingness-to-pay (WTP) results. Do individuals make choices with reference to their status quo (SQ) position, or can they make simulated market choices amongst only hypothetical scenarios? This study uses a split sample to test whether the inclusion or exclusion of the SQ on a choice card in DCEs affects the WTP estimates, based on visitors’ preferences for tourist facilities at Kenyir Lake, Malaysia. The results indicated little difference between both the samples in terms of goodness-of-fit, size and significance of the attribute coefficients, and WTP estimates for the Conditional Logit (CL) and Mixed Logit (MXL) models.

Download File

Text
The status quo.pdf
Download (281kB)

Additional Metadata

Item Type:	Article
Divisions:	Faculty of Economics and Management
DOI Number:	https://doi.org/10.1142/S0217590819500036
Publisher:	World Scientific Publishing
Keywords:	Status quo; Discrete choice experiments; Willingness-to-pay; Conditional logit model; Mixed logit model
Depositing User:	Mr. Sazali Mohamad
Date Deposited:	14 Nov 2020 20:34
Last Modified:	14 Nov 2020 20:34
Altmetrics:	http://www.altmetric.com/details.php?domain=psair.upmedu.my&doi=10.1142/S0217590819500036
URI:	http://psasir.upm.edu.my/id/eprint/82604
Statistic Details:	View Download Statistic

Actions (login required)

View Item