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

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  • 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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File URL: http://128.118.178.162/eps/em/papers/0504/0504007.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Econometrics with number 0504007.

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Length: 13 pages
Date of creation: 23 Apr 2005
Date of revision:
Handle: RePEc:wpa:wuwpem:0504007

Note: Type of Document - pdf; pages: 13
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Web page: http://128.118.178.162

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