Assuring finite moments for willingness to pay in random coefficient models
نویسندگان
چکیده
منابع مشابه
Assuring finite moments for willingness to pay in random coefficient models
Random coefficient models such as mixed logit are increasingly being used to allow for random heterogeneity in willingness to pay (WTP) measures. In the most commonly used specifications, the distribution of WTP for an attribute is derived from the distribution of the ratio of individual coefficients. Since the cost coefficient enters the denominator, its distribution plays a major role in the ...
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ژورنال
عنوان ژورنال: Transportation
سال: 2011
ISSN: 0049-4488,1572-9435
DOI: 10.1007/s11116-011-9331-3