Design efficiency for non-market valuation with choice modelling: how to measure it, what to report and why.
(2008)
Journal Article
Scarpa, R., & Rose, J. (2008). Design efficiency for non-market valuation with choice modelling: how to measure it, what to report and why. The Australian Journal of Agricultural and Resource Economics, 52(3), 253-282. https://doi.org/10.1111/j.1467-8489.2007.00436.x
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 research... Read More about Design efficiency for non-market valuation with choice modelling: how to measure it, what to report and why..