Model selection for the mixed logit with Bayesian estimation

A-Tier
Journal: Journal of Environmental Economics and Management
Year: 2009
Volume: 57
Issue: 2
Pages: 226-237

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, the mixed logit (ML) using Bayesian methods was employed to examine willingness-to-pay (WTP) to consume bread produced with reduced levels of pesticides so as to ameliorate environmental quality, from data generated by a choice experiment. Model comparison used the marginal likelihood, which is preferable for Bayesian model comparison and testing. Models containing constant and random parameters for a number of distributions were considered, along with models in 'preference space' and 'WTP space' as well as those allowing for misreporting. We found: strong support for the ML estimated in WTP space; little support for fixing the price coefficient a common practice advocated and adopted in the environmental economics literature; and, weak evidence for misreporting.

Technical Details

RePEc Handle
repec:eee:jeeman:v:57:y:2009:i:2:p:226-237
Journal Field
Environment
Author Count
3
Added to Database
2026-01-24