Measuring Willingness-To-Pay in Discrete Choice Models with Semi- Parametric Techniques
Pablo Garcia ()
No EERI_RP_2003_03, EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels
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. Furthermore, this paper introduces an empirical application of willingness-to-pay for improved subway travel times in the City of Buenos Aires.
Keywords: Willingness-To-Pay; Discrete; Choice; Model; Semi-Parametric; Econometrics (search for similar items in EconPapers)
JEL-codes: C2 L9 (search for similar items in EconPapers)
Pages: 14 pages
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Journal Article: Measuring Willingness-to-Pay in Discrete Chice Models with Semi-Parametric Techniques (2005)
Working Paper: Measuring Willingness-To-Pay in Discrete Choice Models with Semi- Parametric Techniques (2005)
Working Paper: MEASURING WILLINGNESS-TO-PAY IN DISCRETE CHOICE MODELS WITH SEMI- PARAMETRIC TECHNIQUES (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2003_03
Access Statistics for this paper
More papers in EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels Contact information at EDIRC.
Bibliographic data for series maintained by Julia van Hove ().