The purpose of this chapter is to present the basic statistical models for Stated Choice studies. This chapter describes the random-utilitymodel underlying SC questions, derives the conditional-logit model and discusses its properties. It also describes how to compute the value of a good or project and the marginal prices of attributes. We provide an application using the data collected from a recent survey of Venice residents about urban regeneration projects.
Basic Statistical Models for Stated-Choice Studies
VERONESI, Marcella
2007-01-01
Abstract
The purpose of this chapter is to present the basic statistical models for Stated Choice studies. This chapter describes the random-utilitymodel underlying SC questions, derives the conditional-logit model and discusses its properties. It also describes how to compute the value of a good or project and the marginal prices of attributes. We provide an application using the data collected from a recent survey of Venice residents about urban regeneration projects.
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