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

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Author Info
Pablo M Garcia
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.

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Publisher Info
Paper provided by Economics and Econometrics Research Institute (EERI) in its series EERI Research Paper Series with number EERI_RP_2003_03.

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Length: 14 pages
Date of creation: Apr 2003
Date of revision:
Handle: RePEc:eei:rpaper:eeri_rp_2003_03

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Related research
Keywords: Willingness-To-Pay Discrete Choice Model Semi-Parametric Econometrics;

Find related papers by JEL classification:
C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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