Calculating willingness-to-pay with discrete cost and random coefficients in discrete choice experiments
Abstract Objectives This study provides step-by-step guidance to calculate willingness-to-pay (WTP) in discrete choice experiments that involve discrete cost. It highlights the limitations of assuming a linear disutility for cost in WTP calculation. Methods Five mixed-logit models were considered. L...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
BMC
2025-07-01
|
| Series: | Health Economics Review |
| Subjects: | |
| Online Access: | https://doi.org/10.1186/s13561-025-00658-z |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|