Combining and Comparing Consumers' Stated Preference Ratings and Choice Responses

B.J. Conlon, B.G.C. Dellaert, A.H.O. van Soest

Research output: Working paperDiscussion paperOther research output

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Abstract

In this study we develop and test an econometric model for combining choice and preference ratings data collected from the same set of individuals.Choice data are modeled using a multinomial logit framework, while preference data are modeled using an ordered response equation.Individual heterogeneity is allowed for via random coefficients providing a link between the choice and ratings data.Parameters are estimated by Simulated Maximum Likelihood.An application of the model to consumer yoghurt choice in The Netherlands found that ratings based preference estimates differ significantly from choice based estimates, but the correlation between random coefficients driving the two is very strong.
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages44
Volume2000-119
Publication statusPublished - 2000

Publication series

NameCentER Discussion Paper
Volume2000-119

Fingerprint

Rating
Stated preference
Random coefficients
Econometric models
Multinomial logit
Consumer choice
Simulated maximum likelihood
The Netherlands

Keywords

  • econometric models
  • preferences
  • consumer choice
  • maximum likelihood
  • JEL classifications
  • C35
  • M31

Cite this

Conlon, B. J., Dellaert, B. G. C., & van Soest, A. H. O. (2000). Combining and Comparing Consumers' Stated Preference Ratings and Choice Responses. (CentER Discussion Paper; Vol. 2000-119). Tilburg: Econometrics.
Conlon, B.J. ; Dellaert, B.G.C. ; van Soest, A.H.O. / Combining and Comparing Consumers' Stated Preference Ratings and Choice Responses. Tilburg : Econometrics, 2000. (CentER Discussion Paper).
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Conlon, BJ, Dellaert, BGC & van Soest, AHO 2000 'Combining and Comparing Consumers' Stated Preference Ratings and Choice Responses' CentER Discussion Paper, vol. 2000-119, Econometrics, Tilburg.

Combining and Comparing Consumers' Stated Preference Ratings and Choice Responses. / Conlon, B.J.; Dellaert, B.G.C.; van Soest, A.H.O.

Tilburg : Econometrics, 2000. (CentER Discussion Paper; Vol. 2000-119).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - Combining and Comparing Consumers' Stated Preference Ratings and Choice Responses

AU - Conlon, B.J.

AU - Dellaert, B.G.C.

AU - van Soest, A.H.O.

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KW - econometric models

KW - preferences

KW - consumer choice

KW - maximum likelihood

KW - JEL classifications

KW - C35

KW - M31

M3 - Discussion paper

VL - 2000-119

T3 - CentER Discussion Paper

BT - Combining and Comparing Consumers' Stated Preference Ratings and Choice Responses

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Conlon BJ, Dellaert BGC, van Soest AHO. Combining and Comparing Consumers' Stated Preference Ratings and Choice Responses. Tilburg: Econometrics. 2000. (CentER Discussion Paper).