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dc.contributor.authorMather, Damien Wen_NZ
dc.contributor.authorKnight, John Gen_NZ
dc.contributor.authorErmen, Daviden_NZ
dc.contributor.authorHoldsworth, David Ken_NZ
dc.date.available2011-04-07T03:22:50Z
dc.date.copyright2005en_NZ
dc.identifier.citationMather, D. W., Knight, J. G., Ermen, D., & Holdsworth, D. K. (2005). Reengineering revealed preference models: international replications (Marketing Working Paper Series). University of Otago. Retrieved from http://hdl.handle.net/10523/1572en
dc.identifier.urihttp://hdl.handle.net/10523/1572
dc.description.abstractPurpose: to ascertain the validity or otherwise of Stated Preference (SP) choice models in the context of introduction of genetically modified (GM) foods with defined consumer benefits, and to report on a new experimentally designed Revealed Preference (RP) model with superior validity. Methodology: Combining experimental conjoint choice design and a temporary and harmless ruse commonly associated with laboratory psychology experiments avoids the usual limitations of Revealed Preference (RP) choice models, and tests the validity of the SP model. The method developed in New Zealand has been closely replicated in Sweden. Findings: In both Sweden and New Zealand, the results from the SP choice model were highly divergent from the results of the RP choice model. Research implications: In the light of these findings, SP choice models need to be treated with extreme caution when employed for predicting consumer choice of fresh fruit. These findings may extend to other food products. Limitations: Generalised Extreme Value (GEV) modelling to compensate for heteroskedasticity has not been applied to further identify sources of model bias. Originality and value: This new experimentally designed RP approach will improve the predictive power of market research on food choice, and will provide a benchmark for critical evaluation of SP methods. This should prove valuable in improving future market response model forecast accuracy.en_NZ
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesMarketing Working Paper Seriesen_NZ
dc.subjectrevealed stated preference choice model validityen_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.titleReengineering revealed preference models: international replicationsen_NZ
dc.typeWorking Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages21en_NZ
otago.date.accession2005-11-28en_NZ
otago.schoolMarketingen_NZ
otago.openaccessAbstract Only
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints60en_NZ
otago.school.eprintsMarketingen_NZ
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