Algers, Staffan; Bergström, Pål; Dahlberg, Matz; … - Nationalekonomiska Institutionen, Uppsala Universitet - 1998
In this paper we use mixed logit specifications to allow parameters to vary in the population when estimating the value of time for long-distance car travel. Our main conclusion is that the estimated value of time is very sensitive to how the model is specified: we find that it is significantly...
