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

Pablo Garcia ()

Industrial Organization 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 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)
Pages: 13 pages
Date: 2005-04-21
New Economics Papers: this item is included in nep-dcm
Note: Type of Document - pdf; pages: 13
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Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/io/papers/0504/0504022.pdf (application/pdf)

Related works:
Journal Article: Measuring Willingness-to-Pay in Discrete Chice Models with Semi-Parametric Techniques (2005) Downloads
Working Paper: Measuring Willingness-To-Pay in Discrete Choice Models with Semi- Parametric Techniques (2005) Downloads
Working Paper: Measuring Willingness-To-Pay in Discrete Choice Models with Semi- Parametric Techniques (2003) Downloads
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