Measuring Willingness-To-Pay in Discrete Choice Models with Semi- Parametric Techniques

Pablo M Garcia
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Pablo M Garcia: Centro de Estudios para la Producción - CEP

Econometrics from EconWPA

Abstract: It is usual to estimate willingness-to-pay in discrete choice models through Logit models –or their expanded versions-. Nevertheless, these models have very restrictive distributional assumptions. This paper is intended to examine the above- mentioned issue and to propose an alternative estimation using non-parametric techniques (through Simple Index Models). Furthermore, this paper introduces an empirical application of willingness-to-pay for improved subway travel times in the City of Buenos Aires.

JEL-codes: C2 L9 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm and nep-ecm
Date: 2005-04-23
Note: Type of Document - pdf; pages: 13

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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpem:0504007

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