MEASURING WILLINGNESS-TO-PAY IN DISCRETE CHOICE MODELS WITH SEMI- PARAMETRIC TECHNIQUES

Pablo M Garcia
Additional contact information
Pablo M Garcia: Centro de Estudios para la Producción

Industrial Organization 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 semi-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.

Keywords: Discrete Choice models; Econometrics; Transportation (search for similar items in EconPapers)
JEL-codes: L (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm
Date: 2005-04-21
Note: Type of Document - pdf; pages: 13

Downloads: (external link)
http://129.3.20.41/eps/io/papers/0504/0504022.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpio:0504022

Access Statistics for this paper

More papers in Industrial Organization from EconWPA
Series data maintained by EconWPA ().