Arbeitspapier
Simulating WTP values from random-coefficient models
Discrete Choice Experiments (DCEs) designed to estimate willingness-to-pay (WTP) values are very popular in health economics. With increased computation power and advanced simulation techniques, random-coefficient models have gained an increasing importance in applied work as they allow for taste heterogeneity. This paper discusses the parametrical derivation of WTP values from estimated random-coefficient models and shows how these values can be simulated in cases where they do not have a known distribution.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 0912
- Klassifikation
-
Wirtschaft
Statistical Simulation Methods: General
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
- Thema
-
willingness-to-pay
discrete choice
simulation
random-coefficient models
Willingness to pay
Simulation
Diskrete Entscheidung
Statistische Verteilung
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Rischatsch, Maurus
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Zurich, Socioeconomic Institute
- (wo)
-
Zurich
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Rischatsch, Maurus
- University of Zurich, Socioeconomic Institute
Entstanden
- 2009
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