Controlling for the Effects of Information in a Public Goods Discrete Choice Model

Volume: 63, Issue: 3, Pages: 523 - 544
Published: Mar 1, 2016
Abstract
This paper develops a reduced form method of controlling for differences in information sets of subjects in public good discrete choice models, using stated preference data. The main contribution of our method comes from accounting for the effect of information provided during a survey on the mean and the variance of individual-specific scale parameters. In this way we incorporate both scale heterogeneity as well as observed and unobserved...
Paper Details
Title
Controlling for the Effects of Information in a Public Goods Discrete Choice Model
Published Date
Mar 1, 2016
Volume
63
Issue
3
Pages
523 - 544
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