Discrete choice analysis is a cornerstone of modern day transportation economics. It facilitates the analysis and prediction of individual’s transportation choices as well as the computation of welfare and willingness to pay (WTP) metrics for economic appraisal. In this paper, I develop an approach which enables the derivation of welfare and willingness to pay (WTP) measures for various specifications of the deterministic parts of a random utility specification of a discrete-choice model. Unlike previous approaches such as Small and Rosen (1981), my approach is based on a direct utility function. I can show that using this approach, I am able to derive the so-called Logsum measure and the WTP measure used for Multinomial Logit models (MNL) ...
We propose an abstract method of systematically assigning a “rational” ranking to non-rationalizable...
This paper develops nonparametric methods for welfare-analysis of economic changes in the common set...
The multinomial logit model in discrete choice analysis is widely used in transport research. It has...
Discrete choice analysis is a cornerstone of modern day transportation economics. It facilitates the...
Small & Rosen’s 1981 paper has played an influential role in promoting the application of discre...
In this chapter, we provide an overview of the motivation for, and structure of, advanced discrete c...
Discrete choice experiments (DCEs) are being used increasingly in health economics to elicit prefere...
In models with unobserved taste heterogeneity, distributional assumptions can be placed in two ways:...
Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences...
The two primary approaches to estimate marginal willingness-to-pay (MWTP) are hedonic (Rosen, 1974) ...
Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences...
Presents a new specification of utility functions for discrete-choice models that satisfy both the h...
This paper discusses important developments in discrete choice modeling for transportation applicati...
We study the descriptive and the normative consequences of attribute changes in standard discrete ch...
We derive some theoretical economic properties of standard discrete choice econo-metric models that ...
We propose an abstract method of systematically assigning a “rational” ranking to non-rationalizable...
This paper develops nonparametric methods for welfare-analysis of economic changes in the common set...
The multinomial logit model in discrete choice analysis is widely used in transport research. It has...
Discrete choice analysis is a cornerstone of modern day transportation economics. It facilitates the...
Small & Rosen’s 1981 paper has played an influential role in promoting the application of discre...
In this chapter, we provide an overview of the motivation for, and structure of, advanced discrete c...
Discrete choice experiments (DCEs) are being used increasingly in health economics to elicit prefere...
In models with unobserved taste heterogeneity, distributional assumptions can be placed in two ways:...
Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences...
The two primary approaches to estimate marginal willingness-to-pay (MWTP) are hedonic (Rosen, 1974) ...
Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences...
Presents a new specification of utility functions for discrete-choice models that satisfy both the h...
This paper discusses important developments in discrete choice modeling for transportation applicati...
We study the descriptive and the normative consequences of attribute changes in standard discrete ch...
We derive some theoretical economic properties of standard discrete choice econo-metric models that ...
We propose an abstract method of systematically assigning a “rational” ranking to non-rationalizable...
This paper develops nonparametric methods for welfare-analysis of economic changes in the common set...
The multinomial logit model in discrete choice analysis is widely used in transport research. It has...