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Measuring Willingness-to-Pay in Discrete Chice Models with Semi-Parametric Techniques

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  • Pablo Marcelo García

    (Inter-American Development Bank)

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.

Suggested Citation

  • Pablo Marcelo García, 2005. "Measuring Willingness-to-Pay in Discrete Chice Models with Semi-Parametric Techniques," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB), issue 5, pages 83-100.
    • Handle: RePEc:ris:revlde:0503
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    JEL classification:

    • Z00 - Other Special Topics - - General - - - General

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