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A discrete choice model with endogenous attribute attendance

Author

Listed:
  • Arne Risa Hole

    (Department of Economics, The University of Sheffield)

Abstract

This paper develops a discrete choice model in which the decision to consider an attribute in the choice process is modelled endogenously. In an application to patients' choice of general practitioner it is found that the proposed model outperforms the standard logit model in terms of goodness of fit and produces substantially different estimates of willingness to pay.

Suggested Citation

  • Arne Risa Hole, 2010. "A discrete choice model with endogenous attribute attendance," Working Papers 2010006, The University of Sheffield, Department of Economics, revised Feb 2010.
  • Handle: RePEc:shf:wpaper:2010006
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    File URL: http://www.shef.ac.uk/economics/research/serps/articles/2010_006.html
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    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities

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