Design efficiency for non‐market valuation with choice modelling: how to measure it, what to report and why*
Tóm tắt
We review the basic principles for the evaluation of design efficiency in discrete choice modelling with a focus on efficiency of WTP estimates from the multinomial logit model. The discussion is developed under the realistic assumption that researchers can plausibly define a prior belief on the range of values for the utility coefficients.
Từ khóa
Tài liệu tham khảo
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