Using Classical Simulation-Based Estimators to Estimate Individual WTP Values: A Mixed Logit Case Study of Commuters
A number of papers have recently contrasted classical inference estimation methods for logit
models with Bayesian methods. It has been argued that two particularly appealing features …
models with Bayesian methods. It has been argued that two particularly appealing features …
Willingness-to-pay estimation with mixed logit models: some new evidence
M Sillano, J de Dios Ortúzar - Environment and Planning A, 2005 - journals.sagepub.com
Mixed-logit models are currently the state of the art in discrete-choice modelling, and their
estimation in various forms (in particular, mixing revealed-preference and stated-preference …
estimation in various forms (in particular, mixing revealed-preference and stated-preference …
Parametric and semi-nonparametric estimation of willingness-to-pay in the dichotomous choice contingent valuation framework
JR Crooker, JA Herriges - Environmental and resource economics, 2004 - Springer
Standard procedures for extractingwillingness-to-pay (WTP) from dichotomouschoice CV
questionnaires rely heavily uponparametric assumptions regarding thedistribution and form …
questionnaires rely heavily uponparametric assumptions regarding thedistribution and form …
Deriving willingness-to-pay estimates of travel-time savings from individual-based parameters
DA Hensher, WH Greene… - … and Planning A, 2006 - journals.sagepub.com
There is a small but growing literature that promotes the derivation of distributions of
willingness-to-pay (WTP) estimates using information specific to each individual …
willingness-to-pay (WTP) estimates using information specific to each individual …
A note on consistent estimation of mean WTP using a misspecified logit contingent valuation model
M Creel - Journal of Environmental Economics and Management, 1998 - Elsevier
Monte Carlo evidence has shown that simple, misspecified referendum contingent valuation
(CV) models sometimes lead to good estimates of mean willingness to pay (WTP). Empirical …
(CV) models sometimes lead to good estimates of mean willingness to pay (WTP). Empirical …
Model selection for the mixed logit with Bayesian estimation
In this paper, the mixed logit (ML) using Bayesian methods was employed to examine
willingness-to-pay (WTP) to consume bread produced with reduced levels of pesticides so …
willingness-to-pay (WTP) to consume bread produced with reduced levels of pesticides so …
A new baseline model for estimating willingness to pay from discrete choice models
RT Carson, M Czajkowski - Journal of Environmental Economics and …, 2019 - Elsevier
We show a substantive problem exists with the widely-used ratio of coefficients approach to
calculating willingness to pay (WTP) from discrete choice models. The correctly calculated …
calculating willingness to pay (WTP) from discrete choice models. The correctly calculated …
Deriving and testing efficient estimates of WTP distributions in destination choice models
Estimation of welfare measures is often a dominant driver in the empirical literature on
nonmarket valuation. To this end, qualitative choice models based on random utility theory …
nonmarket valuation. To this end, qualitative choice models based on random utility theory …
Including cost income ratio into utility function as a way of dealing with 'exploding'implicit prices in mixed logit models
The estimates of mean WTP are typically of main interest in non-market valuation studies. In
the case of mixed logit models the distribution of WTP for an attribute is derived from the …
the case of mixed logit models the distribution of WTP for an attribute is derived from the …
On the use of flexible mixing distributions in WTP space: an induced value choice experiment
In this study, we use data from an induced value choice experiment to compare estimates
from mixed logit models in willingness to pay (WTP) space using different parameter …
from mixed logit models in willingness to pay (WTP) space using different parameter …