Recent progress on endogeneity in choice modeling

Abstract

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.

Publication
Marketing Letters 16(3-4) 255-265
review