The price proxy plays a distinct role in discrete choice experiments (DCEs) since the inclusion of a price proxy makes it possible to indirectly obtain willingness to pay (WTP) estimates for the good in its entirety or for a change in an attribute level. Marginal rates of substitution (MRS) between the price proxy and other programme attributes constitute these “part-worth” values.
CITATION STYLE
Gyrd-Hansen, D., & Skjoldborg, U. S. (2008). The Price Proxy in Discrete Choice Experiments: Issues of Relevance for Future Research (pp. 175–193). https://doi.org/10.1007/978-1-4020-5753-3_8
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