Campbell, Danny; Hutchinson, W. George; Scarpa, Riccardo - Department of Economics, Waikato Management School - 2007
implications of discontinuous preferences on willingness to pay estimates. Using a multinomial error component logit model, we … accommodated in the econometric specification, and that the magnitude and robustness of the willingness to pay estimates are … on willingness to
pay estimates. Using a multinomial error component logit model, we explore
differences in scale and …