Dekker, T, Koster, P and Brouwer, R (2014) Changing with the tide: Semiparametric estimation of preference dynamics. Land Economics, 90 (4). pp. 717-745. ISSN 0023-7639
Abstract
We contrast the discovered preference hypothesis against the theory of coherent arbitrariness in a split-sample stated choice experiment on flood-risk exposure. A semiparametric local multinomial logit model is developed as an alternative to the Swait and Louviere (1993) test procedure controlling for preference dynamics within and between samples. The proposed model supports the discovered preference hypothesis by means of a decaying starting point bias. The Swait and Louviere (1993) test procedure reaches a different conclusion. It rejects the assumption of stable preferences, but most preference dynamics tend to be smoothed out, causing a more erratic pattern of preference dynamics.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: |
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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: Economics and Discrete Choice (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 22 Mar 2016 14:44 |
Last Modified: | 22 Mar 2016 14:44 |
Published Version: | http://dx.doi.org/10.3368/le.90.4.717 |
Status: | Published |
Publisher: | University of Wisconsin Press |
Identification Number: | 10.3368/le.90.4.717 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:92872 |