Semi-parametric discrete choice measures of willingness to pay

Ju Chin Huang, Douglas W. Nychka, V. Kerry Smith

Research output: Contribution to journalArticle

8 Scopus citations

Abstract

A semi-parametric discrete choice method is proposed to recover welfare measures from individual choice data. The proposed method is compared with the traditional binary choice models in an application to measure benefits of recreation trips.

Original languageEnglish (US)
Pages (from-to)91-94
Number of pages4
JournalEconomics Letters
Volume101
Issue number1
DOIs
StatePublished - Oct 1 2008

Keywords

  • Cubic smoothing splines
  • Discrete choice methods
  • Non-parametric regression
  • Willingness to pay

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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