Willingness-to-Pay Estimation with Mixed Logit Models
Some New Evidence
Bibliographic Data
| ID | 4140645 |
|---|---|
| Authors | Mauricio Sillano (Pontificia Universidad Católica de Chile, corresponding author), Juan De Dios Ortúzar (0000-0003-3452-3574, Pontificia Universidad Católica de Chile, corresponding author) |
| Year | 2005 |
| Volume | 37 |
| Issue | 3 |
| Pages | 525-550 |
| Publication date | 2005-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a36137 |
| OpenAlex | W2087797173 |
| Language | EN |
| Citations received | 36 |
| References cited | 33 |
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 data) is becoming increasingly popular. Although the theory behind these models is fairly simple, the practical problems associated with their estimation with empirical data are still relatively unknown and certainly not solved to everybody's satisfaction. In this paper we use a stated-preference dataset-previously used to derive willingness to pay for reduction in atmospheric pollution and subjective values of time-to estimate random parameter mixed logit models with different estimation methods. We use our results to discuss in some depth the problems associated with the derivation of willingness to pay with this class of models
Discrete choice · Econometrics · Economics · Estimation · Logistic regression · Logit · Microeconomics · Mixed logit · Preference · Revealed preference · Statistics · Willingness to pay · Computer Science · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Mathematics · Transportation Planning and Optimization · Artificial Intelligence
Disposición a pagar por reducir el tiempo de viaje en Tunja (Colombia)
Assuring finite moments for willingness to pay in random coefficient models
Hypothetical bias, choice experiments and willingness to pay
Transporte y su integración con el entorno urbano
Tourist mobility packages in an island mass tourism destination
Is there room for a room‐tax in the Canary Islands
Blue-green or grey, how much is the public willing to pay
Method for capturing demands for housing customisation
Preferences and values for afforestation
Valuing the benefits of an afforestation project in a peri-urban area with choice experiments
Preferences for sustainable mobility in natural areas
Identifying differences in willingness to pay due to dimensionality in stated choice experiments
Road environments and bicyclist route choice
Have environmental preferences and willingness to pay remained stable before and during the global Covid-19 shock
A hybrid choice modelling approach to estimate the trade-off between perceived environmental risks and economic benefits
Credit-Based Payments for Ecosystem Services
Preference Heterogeneity and Willingness to Pay for Travel Time Savings
Estimating the value of risk reductions for car drivers when pedestrians are involved
Random covariance heterogeneity in discrete choice models
Behavioural implications of preferences, risk attitudes and beliefs in modelling risky travel choice with travel time variability
The Signs of the Times
Covariance, identification, and finite-sample performance of the MSL and Bayes estimators of a logit model with latent attributes
Understanding mode choice in integrated shared mobility systems with experience-related variables generated from navigation big data
Heterogeneity in Willingness‐to‐pay for Theatre Productions
Does policy process influence public values for forest-water resource protection in Florida
Protecting Imperiled Wildlife Species on Private Lands
Valuing quality changes in Caribbean coastal waters for heterogeneous beach visitors
Welfare analysis of the ecological impacts of electricity production in Chile using the sparse multinomial logit model
Public preferences for carbon tax attributes
Visualisations in Choice Experiments
Causes and consequences of lexicographic choices in stated choice studies
Examining demand for urban river rehabilitation in Indonesia
Valuation of housing and neighbourhood attributes for city centre location
Using Choice Experiments to Explore the Spatial Distribution of Willingness to Pay for Rural Landscape Improvements
Assessment of Regeneration Projects in Urban Areas of Environmental Interest
Deriving Willingness-to-Pay Estimates of Travel-Time Savings from Individual-Based Parameters
| Unique citing works | 36 |
|---|---|
| Citations per year | 1,71 |
| Citation span | 2005 - 2026 (22) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 34 |