An incentive compatible conjoint ranking mechanism

被引:55
|
作者
Lusk, Jayson L. [1 ]
Fields, Deacue [2 ]
Prevatt, Walt [2 ]
机构
[1] Oklahoma State Univ, Dept Agr Econ, Willard Sparks Endowed Chair, Stillwater, OK 74078 USA
[2] Auburn Univ, Dept Agr Econ, Auburn, AL 36849 USA
关键词
conjoint analysis; incentive compatibility; preference elicitation; beef;
D O I
10.1111/j.1467-8276.2007.01119.x
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
A simple method for making ranking-based conjoint analysis incentive compatible is proposed. The incentive compatible mechanism involves people purchasing a product profile with a probability proportional to its assigned rank. In an empirical application related to consumer preferences for beef attributes, we find that the forecasted market share for a new pasture-raised steak obtained using incentive-compatible rankings was significantly greater than that implied from traditional hypothetical conjoint rankings. People's rankings of ground beef products were not affected by the mechanism or by information about pasture-raised beef.
引用
收藏
页码:487 / 498
页数:12
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