Giergiczny, Marek; Valasiuk, Sviataslau; Czajkowski, Mikolaj - In: Journal of Forest Economics 18 (2012) 4, pp. 370-380
The estimates of mean WTP are typically of main interest in non-market valuation studies. In the case of mixed logit models the distribution of WTP for an attribute is derived from the distribution of the ratio of individual coefficients. Since the cost coefficient enters the denominator, its...