[Limdep Nlogit List] estimating wtp with a cost-income ratio in the utility function

[medard kakuru]

Dear All,
I am estimating mixed logit models in preference and utility spaces. My wtp
estimates are big as expected (because I made the cost parameter fixed -
according to Giergizny et al., 2012). To remedy the wtp explosion, I
include the cost-income ratio in the utility function, necessitating an
adjustment in the usual formula of computing wtp. Please assist me with the
adjusted syntax that takes account of the ratio.
Thank you.

Regards,

Medard
PhD Student,
Makerere University Kampala

On Thu, Oct 3, 2024 at 10:34 PM Steven Lavrenz via Limdep <
limdep at mailman.sydney.edu.au> wrote:

> Are these quantities referring to the same statistic? If so, why the
> difference in naming convention within Limdep?
>
> Best Regards,
> Steve
>
> --
> Steven M. Lavrenz, PhD, RSP2I
> Assistant Professor
> Wayne State University
> Civil and Environmental Engineering
> 5050 Anthony Wayne Drive
> Detroit, MI 48202
> (313) 577-2086
> slavrenz at wayne.edu<mailto:slavrenz at wayne.edu>
>
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