Including cost income ratio into utility function as a way of dealing with 'exploding' implicit prices in mixed logit models

Journal of Forest Economics

Volumn 18, Issue 4, 2012, Pages 370-380

  Giergiczny, Marek ^a   Valasiuk, Sviataslau ^a   Czajkowski, Mikolaj ^a   De Salvo, Maria ^b   Signorello, Giovanni ^b  

^a UNIVERSITY OF WARSAW   (Poland)

^b UNIVERSITY OF CATANIA   (Italy)

Author keywords

Choice experiments; Cost income ratio coefficient; Mixed logit models; WTP's distribution

Indexed keywords

COST BENEFIT ANALYSIS; LOGISTIC REGRESSION; SENSITIVITY ANALYSIS;

CHOICE EXPERIMENTS; COST INCOME RATIO COEFFICIENTS; MIXED LOGIT MODELS; NON-MARKET VALUATION; STANDARD DEVIATION; STANDARD PRACTICES; WILLINGNESS TO PAY; WTP'S DISTRIBUTIONS;

COSTS;

COST; FOREST MANAGEMENT; INCOME; LOGIT ANALYSIS; NUMERICAL MODEL; PRICE DETERMINATION; VALUATION; WILLINGNESS TO PAY;

EID: 84867401177     PISSN: 11046899     EISSN: 16181530     Source Type: Journal    
DOI: 10.1016/j.jfe.2012.07.002     Document Type: Article

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