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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)

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 semi-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 M Garcia, 2005. "Measuring Willingness-To-Pay In Discrete Choice Models With Semi- Parametric Techniques," Industrial Organization 0504022, EconWPA.
  • Handle: RePEc:wpa:wuwpio:0504022
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    Keywords

    Discrete Choice models; Econometrics; Transportation;

    JEL classification:

    • L - Industrial Organization

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