A discrete choice model with endogenous attribute attendance
Economics LettersPublished 3 December 2010
Arne Risa Hole
Citations113
SJR quartileQ2
SJR score0.76
SNIP0.98
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Abstract
This paper develops a discrete choice model in which the decision to consider an attribute in the choice process is modelled endogenously. In an application to patients´ choice of general practitioner it is found that the proposed model outperforms the standard logit model in terms of goodness of fit and produces substantially different estimates of willingness to pay.
Keywords
Economics, Econometrics and FinanceHealth Professions
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