Semi-parametric discrete choice measures of willingness to pay

Ju-Chin Huang, Douglas W. Nychka and V. Smith

Economics Letters, 2008, vol. 101, issue 1, 91-94

Abstract: A semi-parametric discrete choice method is proposed to recover welfare measures from individual choice data. The proposed method is compared with the traditional binary choice models in an application to measure benefits of recreation trips.

Keywords: Discrete; choice; methods; Non-parametric; regression; Willingness; to; pay; Cubic; smoothing; splines (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:1:p:91-94

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