Pablo M Garcia (Centro de Estudios para la Producción - CEP)
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.
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Publisher Info
Paper provided by EconWPA in its series Econometrics with number
0504007.
Length: 13 pages Date of creation: 23 Apr 2005 Date of revision: Handle: RePEc:wpa:wuwpem:0504007
Note: Type of Document - pdf; pages: 13 Contact details of provider: Web page: http://129.3.20.41
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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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