Fosgerau, Mogens - Volkswirtschaftliche Fakultät, … - 2007
-to-pay (WTP) for travel time changes from binomial choice data from a simple time-cost trading experiment. The analysis favours a … model with random WTP as the only source of randomness over a model with fixed WTP which is linear in time and cost and has … an additive random error term. Results further indicate that the distribution of log WTP can be described as a sum of a …