A discrete choice model with endogenous attribute attendance

This paper develops a discrete choice model in which the decision to consider an attribute in the choice process is modelled endogenously. In an application to patients' choice of general practitioner it is found that the proposed model outperforms the standard logit model in terms of goodness of fit and produces substantially different estimates of willingness to pay.

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Year of publication:	2010-02
Authors:	Hole, Arne Risa
Institutions:	Department of Economics, University of Sheffield
Subject:	discrete choice \| attribute attendance

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2010006 10 pages
Classification:	C25 - Discrete Regression and Qualitative Choice Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008625803