DAGENS NY FORSKNING: ANGER MINIMERING*

Her er en interessant artikkel: Random Regret Minimization: Exploration of a New Choice Model for Environmental and Resource Economics. Den er skrevet av Mara Thiene, Marco Boeri og Caspar G. Chorus, og publisert i tidsskriftet Environmental and Resource Economics. Her er artikkelens sammendrag ("abstract"):

This paper introduces the discrete choice model-paradigm of Random Regret Minimization (RRM) to the field of environmental and resource economics. The RRM-approach has been very recently developed in the context of travel demand modelling and presents a tractable, regret-based alternative to the dominant choice-modelling paradigm based on Random Utility Maximization-theory (RUM-theory). We highlight how RRM-based models provide closed form, logit-type formulations for choice probabilities that allow for capturing semi-compensatory behaviour and choice set-composition effects while being equally parsimonious as their utilitarian counterparts. Using data from a Stated Choice-experiment aimed at identifying valuations of characteristics of nature parks, we compare RRM-based models and RUM-based models in terms of parameter estimates, goodness of fit, elasticities and consequential policy implications.

*Vi har påskefri - men har autopostert to daglige serier for våre lesere: 1) DAGENS REBLOGG med linker til tematisk grupperte tidligere innlegg som vi mener er verdt å lese og 2) DAGENS NY FORSKNING med gjengitt sammendrag av en nylig publisert artikkel som vi synes er interessant (og kanskje kommer til å blogge nærmere om på senere tidspunkt). GOD PÅSKE - HILSEN MILJØØKONOMENE!