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

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

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. 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
Date: 2003-04
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http://www.eeri.eu/documents/wp/EERI_RP_2003_03.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 (2005)
Working Paper: MEASURING WILLINGNESS-TO-PAY IN DISCRETE CHOICE MODELS WITH SEMI- PARAMETRIC TECHNIQUES (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2003_03

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