dc.contributor.author | Mariel Chladkova, Petr | |
dc.contributor.author | De Ayala Bilbao, Amaya | |
dc.contributor.author | Hoyos Ramos, David | |
dc.contributor.author | Abdullah, Sabah | |
dc.date.accessioned | 2011-12-21T11:00:46Z | |
dc.date.available | 2011-12-21T11:00:46Z | |
dc.date.issued | 2010 | |
dc.identifier.issn | 1134-8984 | |
dc.identifier.uri | http://hdl.handle.net/10810/5564 | |
dc.description.abstract | This paper examines the various tests commonly used to select random parameters in choice modelling. The most common procedures for selecting random parameters are: the Lagrange Multiplier test as proposed by McFadden and Train (2000), the t-statistic of the deviation of the random parameter and the log-likelihood ratio test. The identification of random parameters in other words the recognition of preference heterogeneity among population is based on the fact that an individual makes a choice depending on her/his: tastes, perceptions and experiences. A simulation experiment was carried out based on a real choice experiment and the results indicated that the power of these three tests depends importantly on the spread and type of the tested parameter distribution. | es |
dc.description.sponsorship | The authors are grateful to the Department of Education of the Basque Government through grant IT-334-07 (UPV/EHU Econometrics Research Group) and from Spanish Ministerio de Educación and FEDER (SEJ2007-61362). | es |
dc.language.iso | eng | es |
dc.relation | info:eu-repo/grantAgreement/MCYT/SEJ2007-61362 | |
dc.relation.ispartofseries | Biltoki 2010.09 | |
dc.rights | info:eu-repo/semantics/openAccess | es |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-sa/3.0/ | * |
dc.subject | choice experiment | es |
dc.subject | preference heterogeneity | es |
dc.subject | random parameter logit | es |
dc.subject | simulation | es |
dc.subject | tests for selecting random parameters | es |
dc.title | Selecting random parameters in discrete choice experiment for environmental valuation: A simulation experiment | es |
dc.type | info:eu-repo/semantics/workingPaper | es |
dc.rights.holder | Attribution-NonCommercial-ShareAlike 3.0 Unported | * |
dc.subject.jel | Q51 | |
dc.identifier.repec | RePEc:ehu:biltok:201009 | es |
dc.departamentoes | Economía aplicada III (Econometría y Estadística) | es_ES |
dc.departamentoeu | Ekonomia aplikatua III (ekonometria eta estatistika) | es_ES |
dc.subject.categoria | AGRICULTURAL AND NATURAL RESOURCE ECONOMICS; ENVIRONMENTAL AND ECOLOGICAL ECONOMICS | |