Journal
ECONOMICS LETTERS
Volume 110, Issue 3, Pages 203-205Publisher
ELSEVIER SCIENCE SA
DOI: 10.1016/j.econlet.2010.11.033
Keywords
Discrete choice; Attribute attendance
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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. (C) 2010 Elsevier B.V. All rights reserved.
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