Dynamic Learning and Context-Dependence in Sequential , Attribute-Based , Stated-Preference Valuation Questions

@inproceedings{Holmes2005DynamicLA,
  title={Dynamic Learning and Context-Dependence in Sequential , Attribute-Based , Stated-Preference Valuation Questions},
  author={Thomas P. Holmes and Kevin J. Boyle},
  year={2005}
}
A hybrid stated-preference model is presented that combines the referendum contingent valuation response format with an experimentally designed set of attributes. A sequence of valuation questions is asked to a random sample in a mailout mail-back format. Econometric analysis shows greater discrimination between alternatives in the final choice in the sequence, and the vector of preference parameters shifts. Lead and lag choice sets have a structural influence on current choices and unobserved… CONTINUE READING

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