Cookies

We use cookies to ensure that we give you the best experience on our website. By continuing to browse this repository, you give consent for essential cookies to be used. You can read more about our Privacy and Cookie Policy.


Durham Research Online
You are in:

Econometrics of stated preferences.

Fiebig, D.G. and Yoo, H. I. (2019) 'Econometrics of stated preferences.', in The Oxford encyclopedia of health economics. Oxford: Oxford University Press.

Abstract

Stated preference methods are used to collect individual level data on what respondents say they would do when faced with a hypothetical but realistic situation. The hypothetical nature of the data has long been a source of concern among researchers as such data stand in contrast to revealed preference data, which record the choices made by individuals in actual market situations. But there is considerable support for stated preference methods as they are a cost-effective means of generating data that can be specifically tailored to a research question and, in some cases, such as gauging preferences for a new product or non-market good, there may be no practical alternative source of data. While stated preference data come in many forms, the primary focus in this article will be data generated by discrete choice experiments, and thus the econometric methods will be those associated with modeling binary and multinomial choices with panel data.

Item Type:Book chapter
Full text:Publisher-imposed embargo
(AM) Accepted Manuscript
First Live Deposit - 30 November 2018
File format - PDF (Copyright agreement prohibits open access to the full-text)
(543Kb)
Status:Peer-reviewed
Publisher Web site:https://doi.org/10.1093/acrefore/9780190625979.013.92
Record Created:30 Nov 2018 10:58
Last Modified:09 Aug 2019 14:23

Social bookmarking: del.icio.usConnoteaBibSonomyCiteULikeFacebookTwitterExport: EndNote, Zotero | BibTex
Look up in GoogleScholar | Find in a UK Library