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

Pablo Garcia

Econometrics from University Library of Munich, Germany

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)
Pages: 13 pages
Date: 2005-04-23
New Economics Papers: this item is included in nep-dcm and nep-ecm
Note: Type of Document - pdf; pages: 13
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https://econwpa.ub.uni-muenchen.de/econ-wp/em/papers/0504/0504007.pdf (application/pdf)

Related works:
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 (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpem:0504007

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