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:	2011
Authors:	Hole, Arne Risa
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 3, p. 203-205
Publisher:	Elsevier
Subject:	Discrete choice Attribute attendance

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866955