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dc.contributor.authorCampbell, Danny-
dc.contributor.authorHensher, David A-
dc.contributor.authorScarpa, Riccardo-
dc.description.abstractIn this paper we extend the independent availability logit and combined latent class mixed logit models to accommodate respondents with different consideration sets due to their cost thresholds and cut-offs. Pertinent features of our model are that it is estimated in WTP-space and that the class-specific WTP distributions are truncated to be within the bounds deduced from the cost level(s) within each class-specific consideration set. Our analysis shows that our approach is well suited at uncovering the heterogeneity in the cost thresholds and cut-offs used by respondents. This is shown to help build a richer insight into respondent׳s behaviour as well as raise a number of concerns about the appropriateness of assuming deterministic choice sets. We discuss the implications of our results for welfare analysis.en_UK
dc.relationCampbell D, Hensher DA & Scarpa R (2014) Bounding WTP distributions to reflect the 'actual'consideration set, Journal of Choice Modelling, 11, pp. 4-15.-
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.-
dc.subjectIndependent availability logit modelen_UK
dc.subjectCombined latent class mixed logit modelen_UK
dc.subjectWillingness to payen_UK
dc.subjectConsideration seten_UK
dc.subjectCost thresholden_UK
dc.titleBounding WTP distributions to reflect the 'actual'consideration seten_UK
dc.typeJournal Articleen_UK
dc.rights.embargoreasonThe publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.-
dc.citation.jtitleJournal of Choice Modelling-
dc.type.statusPublisher version (final published refereed version)-
dc.contributor.affiliationUniversity of Sydney-
dc.contributor.affiliationUniversity of Waikato-
Appears in Collections:Economics Journal Articles

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