Measuring Willingness-to-Pay in Discrete Chice Models with Semi-Parametric Techniques

Pablo Garcia

Revista Latinoamericana de Desarrollo Economico, 2005, issue 5, 83-100

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.

Keywords: Measuring; Parametric; Buenos Aires (search for similar items in EconPapers)
JEL-codes: Z00 (search for similar items in EconPapers)
Date: 2005
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Working Paper: Measuring Willingness-To-Pay in Discrete Choice Models with Semi- Parametric Techniques (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:revlde:0503

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