Dave, K. orcid.org/0000-0003-2404-8503, Toner, J. orcid.org/0000-0002-6679-3889 and Chen, H. orcid.org/0000-0003-0753-7735 (2023) Accounting for respondent’s preference uncertainty in choice experiments. Journal of Environmental Economics and Policy, 12 (4). pp. 508-523. ISSN 2160-6544
Abstract
Preference uncertainty is an important aspect affecting respondents’ choices and attribute valuation. However, elicitation of preference uncertainty and its modelling is strongly restricted within choice experiments. This paper applies modelling techniques to account for the preference uncertainty data to evaluate road traffic noise. The paper argues that modelling the preference uncertainty data to examine the error structure can shed significant light on the potential causes of preference uncertainty. The results also reveal that accounting for preference uncertainty data within modelling can have important implications for the valuation exercise. It is found that the nested logit model can examine significant correlation between similar preference certainty levels arising from choice-set characteristics while the error components logit model can be used to examine the effect of inherent respondent uncertainty and stochastic factors on preference uncertainty. The paper therefore recommends treating and accounting for preference uncertainty within choice experiments and thereby examine its impact on any subsequent valuations.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. The terms on which this article has been published allow the posting of the Accepted Manuscript in a repository by the author(s) or with their consent. |
Keywords: | Preference uncertainty; road traffic noise; environmental valuation; nested logit; error components logit |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Spatial Modelling and Dynamics (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 30 Nov 2023 11:57 |
Last Modified: | 30 Nov 2023 11:57 |
Status: | Published |
Publisher: | Taylor and Francis |
Identification Number: | 10.1080/21606544.2023.2182368 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:206057 |
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