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Recent Progress on Endogeneity in Choice Modeling
Authors:Jordan Louviere  Kenneth Train  Moshe Ben-Akiva  Chandra Bhat  David Brownstone  Trudy Ann Cameron  Richard T Carson  J R Deshazo  Denzil Fiebig  William Greene  David Hensher  Donald Waldman
Institution:(1) School of Marketing and Centre for the Study of Choice, Faculty of Business, University of Technology, Sydney;(2) Department of Economics, University of California, Berkeley;(3) Department of Civil Engineering, MIT Center for Transportation and Logistics, Massachusetts Institute of Technology, Massachusetts;(4) Department of Civil, Architectural & Environmental Engineering, The University of Texas at Austin, Texas;(5) Department of Economics, University of California, Irvine;(6) Department of Economics, University of Oregon, Oregon;(7) Department of Economics, University of California, San Diego;(8) Department of Public Policy, School of Public Affairs, University of California, Los Angeles;(9) School of Economics, Faculty of Commerce and Economics, University of New South Wales, New South Wales;(10) Department of Economics, Stern School of Business, New York University, New York;(11) Director, Institute of Transport Studies, School of Business, Faculty of Economics and Business, University of Sydney, Sydney;(12) Department of Economics, University of Colorado, Colorado
Abstract:We describe recent progress in several areas related to endogeneity, including: choice set formation and attention to attributes; interactions among decision-makers; respondents' strategic behavior in answering stated preference choices; models of multiple discrete/continuous choice; distributions of willingness-to-pay; and methods for handling traditionally endogenous explanatory variables.
Keywords:choice models  endogeneity  choice experiments
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