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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.

Suggested Citation

  • Pablo M Garcia, 2005. "Measuring Willingness-To-Pay in Discrete Choice Models with Semi- Parametric Techniques," Econometrics 0504007, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpem:0504007
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    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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