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  • Search: isPartOf:"Tinbergen Institute Discussion Paper 10-014/3"
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Subject
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Discrete choice 1 Diskrete Entscheidung 1 Logit model 1 Logit-Modell 1 Theorie 1 Theory 1 Willingness to pay 1 Zahlungsbereitschaftsanalyse 1
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Free 1
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Book / Working Paper 1
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English 1
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Kroes, Eric 1 Verhoef, Erik T. 1 van den Berg, Vincent A.C. 1
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Tinbergen Institute Discussion Paper 10-014/3 1
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ECONIS (ZBW) 1
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Biases in Willingness-to-Pay Measures from Multinomial Logit Estimates Due to Unobserved Heterogeneity
van den Berg, Vincent A.C. - 2010
It is a common finding in empirical discrete choice studies that the estimated mean relative values of the coefficients (i.e. WTP's) from multinomial logit (MNL) estimations differ from those calculated using mixed logit estimations, where the mixed logit has the better statistical fit. It is,...
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