Measuring Willingness-to-Pay in Discrete Choice Models with Semi-Parametric Techniques
Keyword(s):
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.
2008 ◽
Vol 44
(5)
◽
pp. 847-863
◽
Keyword(s):
Keyword(s):
Keyword(s):
2019 ◽
Vol 95
◽
pp. 57-61
◽
Keyword(s):
2018 ◽
Vol 1
(1)
◽
pp. 21-37