Semi-parametric discrete choice measures of willingness to pay
A semi-parametric discrete choice method is proposed to recover welfare measures from individual choice data. The estimation procedure and properties of the proposed welfare estimator are discussed. The proposed method is compared with the traditional binary choice models. An application that measures benefits of recreation trips is presented. Our results suggest that the proposed semi-parametric method adds flexibility to the discrete choice modeling and provides a more precise benefit measure than the traditional parametric methods.
document
http://n2t.net/ark:/85065/d7k35w6s
eng
geoscientificInformation
Text
publication
2016-01-01T00:00:00Z
publication
2008-10-01T00:00:00Z
NOTICE: This is the author's version of a work accepted for publication by Elsevier. Changes resulting from the publishing process, including peer review, editing, corrections, structural formatting and other quality control mechanisms, may not be reflected in this document. Changes may have been made to this work since it was submitted for publication.
None
OpenSky Support
UCAR/NCAR - Library
PO Box 3000
Boulder
80307-3000
name: homepage
pointOfContact
OpenSky Support
UCAR/NCAR - Library
PO Box 3000
Boulder
80307-3000
name: homepage
pointOfContact
2023-08-18T18:25:45.866955