Accurate Quality Elicitation in a Multi-Attribute Choice Setting

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Auteur
Date

31 août 2023

Discipline
Type de document
Périmètre
Identifiant
  • 2309.00114
Source

arXiv - économie

Collection

arXiv

Organisation

Cornell University

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Economics - General Economics

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Specie Monetary question Money, Primitive Currency Standard of value Economic theory Political economy

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Changkuk Im, « Accurate Quality Elicitation in a Multi-Attribute Choice Setting », arXiv - économie

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This paper studies how to accurately elicit quality for alternatives with multiple attributes. Two multiple price lists (MPLs) are considered: (i) m-MPL which asks subjects to compare an alternative to money, and (ii) p-MPL where subjects are endowed with money and asked whether they would like to buy an alternative or not. Theoretical results show that m-MPL requires fewer assumptions for accurate quality elicitation compared to p-MPL. Experimental evidence from a within-subject experiment using consumer products shows that switch points between the two MPLs are different, which suggests that quality measures are sensitive to the elicitation method.

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