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Deriving welfare measures in discrete choice experiments: a comment to Lancsar and Savage (2)

✍ Scribed by J.M.C. Santos Silva

Publisher: John Wiley and Sons
Year: 2004
Tongue: English
Weight: 107 KB
Volume: 13
Category: Article
ISSN: 1057-9230
DOI: 10.1002/hec.874

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Deriving welfare measures in discrete choice experiments: a comment to Lancsar and Savage (1)

✍ Mandy Ryan 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 87 KB

## Abstract Lancsar and Savage argue that current methods of deriving welfare estimates, using discrete choice experiments, are inconsistent with random utility and welfare theory. In this paper I show that this not the case. The general formula proposed by Small and Rosen for estimating welfare, w

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## Abstract In this response we start by highlighting the key area of agreement between the commentaries and our original paper: if there is uncertainty regarding which alternative will be chosen, in a DCE or in the real world, then the compensating variation as modified for discrete data by Small

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✍ Emily Lancsar; Elizabeth Savage 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 111 KB

## Abstract Discrete choice experiments (DCEs) are being used increasingly in health economics to elicit preferences for products and programs. The results of such experiments have been used to calculate measures of welfare or more specifically, respondents' ‘willingness to pay’ (WTP) for products