Hensher, David A.; Greene, William H. - In: Journal of Transport Economics and Policy 45 (2011) 3, pp. 505-525
A major concern with the derivation of willingness to pay (WTP) distributions from mixed logit models is the incidence of values over a range that are deemed 'behaviourally questionable', with respect to the sign and magnitude. Recent research in redefining the 'space' within which a choice...