IDEAS home Printed from https://ideas.repec.org/a/tpe/jtecpo/v46y2012i3p451-468.html
   My bibliography  Save this article

The Influence of Alternative Acceptability, Attribute Thresholds and Choice Response Certainty on Automobile Purchase Preferences

Author

Listed:
  • David A. Hensher
  • John M. Rose

Abstract

Two issues that reflect how individuals make travel or vehicle purchase choices are the relevance of attribute levels associated with alternatives, and the extent to which the respondent is certain of actually choosing the alternative that they indicated was their preferred alternative. This paper studies the influence of acceptability of each alternative, attribute thresholds, and choice response certainty on automobile purchase preferences, 'scaling' of the standard utility expression to account for perceived acceptability of each alternative, and perceived attribute thresholds. A comparison of the models shows the significant improvement in predictive power with inferred direct elasticities that are substantially different. © 2012 LSE and the University of Bath

Suggested Citation

  • David A. Hensher & John M. Rose, 2012. "The Influence of Alternative Acceptability, Attribute Thresholds and Choice Response Certainty on Automobile Purchase Preferences," Journal of Transport Economics and Policy, University of Bath, vol. 46(3), pages 451-468, September.
    • Handle: RePEc:tpe:jtecpo:v:46:y:2012:i:3:p:451-468
    as

    Download full text from publisher

    File URL: http://www.catchword.com/cgi-bin/cgi?ini=bc&body=linker&reqidx=0022-5258(20120901)46:3L.451;1-
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Webb, Edward J.D. & Hess, Stephane, 2021. "Joint modelling of choice and rating data: Theory and examples," Journal of choice modelling, Elsevier, vol. 40(C).
    2. David A. Hensher & Chinh Ho & Matthew J. Beck, 2017. "A simplified and practical alternative way to recognise the role of household characteristics in determining an individual’s preferences: the case of automobile choice," Transportation, Springer, vol. 44(1), pages 225-240, January.
    3. Capurso, Mauro & Hess, Stephane & Dekker, Thijs, 2019. "Modelling the role of consideration of alternatives in mode choice: An application on the Rome-Milan corridor," Transportation Research Part A: Policy and Practice, Elsevier, vol. 129(C), pages 170-184.
    4. Hensher, David A. & Ho, Chinh Q., 2016. "Experience conditioning in commuter modal choice modelling – Does it make a difference?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 95(C), pages 164-176.
    5. Moser, Riccarda & Raffaelli, Roberta, 2014. "Does attribute cut-off elicitation affect choice consistency? Contrasting hypothetical and real-money choice experiments," Journal of choice modelling, Elsevier, vol. 11(C), pages 16-29.
    6. Hensher, David A. & Ho, Chinh, 2015. "The role of perceived acceptability of alternatives in identifying and assessing choice set processing strategies in stated choice settings: The case of road pricing reform," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 83(C), pages 225-237.
    7. Camila Balbontin & David A. Hensher & Chinh Ho & Corinne Mulley, 2020. "Do preferences for BRT and LRT change as a voter, citizen, tax payer, or self-interested resident?," Transportation, Springer, vol. 47(6), pages 2981-3030, December.
    8. Dekker, Thijs & Hess, Stephane & Brouwer, Roy & Hofkes, Marjan, 2016. "Decision uncertainty in multi-attribute stated preference studies," Resource and Energy Economics, Elsevier, vol. 43(C), pages 57-73.
    9. Mokas, Ilias & Lizin, Sebastien & Brijs, Tom & Witters, Nele & Malina, Robert, 2021. "Can immersive virtual reality increase respondents’ certainty in discrete choice experiments? A comparison with traditional presentation formats," Journal of Environmental Economics and Management, Elsevier, vol. 109(C).
    10. Gonçalves, Tânia & Lourenço-Gomes, Lina & Pinto, Lígia M. Costa, 2022. "The role of attribute non-attendance on consumer decision-making: Theoretical insights and empirical evidence," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 788-805.
    11. Thiagu Ranganathan & Sarthak Gaurav & Ashish Singh, 2016. "Demand for Price Insurance among Farmers in India: A Choice Experiment-based Approach," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 10(2), pages 198-224, May.
    12. Smeele, Nicholas V.R. & Chorus, Caspar G. & Schermer, Maartje H.N. & de Bekker-Grob, Esther W., 2023. "Towards machine learning for moral choice analysis in health economics: A literature review and research agenda," Social Science & Medicine, Elsevier, vol. 326(C).
    13. David Hensher, 2014. "Attribute processing as a behavioural strategy in choice making," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 12, pages 268-289, Edward Elgar Publishing.
    14. Hensher, David A. & Ho, Chinh & Mulley, Corinne, 2015. "Identifying preferences for public transport investments under a constrained budget," Transportation Research Part A: Policy and Practice, Elsevier, vol. 72(C), pages 27-46.
    15. David A. Hensher & Camila Balbontin & William H. Greene & Joffre Swait, 2021. "Experience as a conditioning effect on choice: Does it matter whether it is exogenous or endogenous?," Transportation, Springer, vol. 48(5), pages 2825-2855, October.
    16. Campbell, Danny & Hensher, David A. & Scarpa, Riccardo, 2012. "Cost thresholds, cut-offs and sensitivities in stated choice analysis: Identification and implications," Resource and Energy Economics, Elsevier, vol. 34(3), pages 396-411.
    17. Reck, Daniel J. & Hensher, David A. & Ho, Chinh Q., 2020. "MaaS bundle design," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 485-501.
    18. Campbell, Danny & Hensher, David A. & Scarpa, Riccardo, 2014. "Bounding WTP distributions to reflect the ‘actual’ consideration set," Journal of choice modelling, Elsevier, vol. 11(C), pages 4-15.
    19. Hensher, David A. & Ho, Chinh Q. & Liu, Wen, 2016. "How much is too much for tolled road users: Toll saturation and the implications for car commuting value of travel time savings?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 94(C), pages 604-621.
    20. Rashedi, Zohreh & Mahmoud, Mohamed & Hasnine, Sami & Habib, Khandker Nurul, 2017. "On the factors affecting the choice of regional transit for commuting in Greater Toronto and Hamilton Area: Application of an advanced RP-SP choice model," Transportation Research Part A: Policy and Practice, Elsevier, vol. 105(C), pages 1-13.
    21. Marco A. Palma, 2017. "Improving the prediction of ranking data," Empirical Economics, Springer, vol. 53(4), pages 1681-1710, December.
    22. Camila Balbontin & David A. Hensher & Chinh Ho & Corinne Mulley, 0. "Do preferences for BRT and LRT change as a voter, citizen, tax payer, or self-interested resident?," Transportation, Springer, vol. 0, pages 1-50.
    23. Thiagu Ranganathan & Sarthak Gaurav & Ashish Singh, 2014. "Using choice experiments, we estimate the willingness to pay for price insurance among cotton and paddy farmers in the Indian state of Gujarat. We also identify the interactions between the demand for," IEG Working Papers 340, Institute of Economic Growth.
    24. Oehlmann, Malte & Glenk, Klaus & Lloyd-Smith, Patrick & Meyerhoff, Jürgen, 2021. "Quantifying landscape externalities of renewable energy development: Implications of attribute cut-offs in choice experiments," Resource and Energy Economics, Elsevier, vol. 65(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpe:jtecpo:v:46:y:2012:i:3:p:451-468. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christopher F. Baum (email available below). General contact details of provider: http://www.bath.ac.uk/e-journals/jtep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.