Incorrectly accounting for preference heterogeneity in choice experiments: Implications for welfare measurement

The impact of the approach used to describe preference heterogeneity on welfare measures has been widely studied by the academic community. However, the question as to the degree of error in welfare estimation from an inappropriate choice of empirical approach has not been addressed yet. In this pap...

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Bibliographic Details
Main Authors: Catalina M. Torres, Sergio Colombo, Nick Hanley
Format: Article
Language:English
Published: Universitat Politècnica de València 2014-12-01
Series:Economía Agraria y Recursos Naturales
Subjects:
Online Access:https://polipapers.upv.es/index.php/EARN/article/view/4872