Abstract

GARCIA, Pablo Marcelo. Measuring Willingness-to-Pay in Discrete Choice Models with Semi-Parametric Techniques. rlde [online]. 2005, n.5, pp.83-100. ISSN 2074-4706.

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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