Status quo effect and preferences uncertainty: A Heteroscedastic Extreme Value (HEV) model
Analysts must include the status quo (SQ) option as one of the alternatives in the Choice Experiments (CE) technique to ensure the technique is consistent with the Hicksian welfare analysis. However, it comes at a price.Usually, respondents choose the option not because it provides the highest util...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Kebangsaan Malaysia
2013
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/14856/1/jeko_47%281%29-16.pdf |