What question did this study set out to answer?

To provide an econometric appendix detailing the formulation of utility in willingness-to-pay (WTP) space to overcome confounding random scale effects in destination choice models.

January 1, 2008American Journal of Agricultural Economics AppendicesOpen Access

Appendix to Utility in WTP space: a tool to address confounding random scale effects in destination choice to the Alps

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To provide an econometric appendix detailing the formulation of utility in willingness-to-pay (WTP) space to overcome confounding random scale effects in destination choice models.
Derived discrete choice model specifications comparing standard preference-space utility with willingness-to-pay space formulations.
Evaluated methodological adjustments to separate taste heterogeneity from scale heterogeneity in household and consumer destination choices.
Demonstrates that specifying discrete choice models directly in WTP space prevents confounded interpretations caused by random scale variance across decision-makers.
Establishes analytical tools to derive consistent, interpretable economic estimates for travel destination valuation.

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Authors

RSRiccardo ScarpaUniversity of Verona MTMara ThieneUniversity of Technology Sydney KTKenneth TrainUniversity of California, Berkeley

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Implication

Econometric analysis reveals utility modeling in willingness-to-pay space resolves confounding random scale variation in destination choice, suggesting improved precision in consumer valuation.

Cite This Study

Scarpa et al. (2008) studied this question.

synapsesocial.com/papers/6aa66d4ac22cbbe6308e3afc https://doi.org/10.22004/ag.econ.164029

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Implication

Econometric analysis reveals utility modeling in willingness-to-pay space resolves confounding random scale variation in destination choice, suggesting improved precision in consumer valuation.

Appendix to Utility in WTP space: a tool to address confounding random scale effects in destination choice to the Alps

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Implication

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Appendix to Utility in WTP space: a tool to address confounding random scale effects in destination choice to the Alps

Key Points

No abstract yet

Discussion

Implication

Cite This Study

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