Recent Progress on Endogeneity in Choice Modeling
- Publication Type:
- Journal Article
- Marketing Letters, 2005, 16 (3-4), pp. 255 - 265
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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.
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