[Limdep Nlogit List] Exploded and negative wtp estimates

[John C. Whitehead]

And results.

On Fri, Oct 18, 2024 at 11:11 AM Arthur Caplan via Limdep <
limdep at mailman.sydney.edu.au> wrote:

> Hello Medard,
>
> It might help if you shared the code you are using.
>
> Arthur Caplan
>
>
> Department of Applied Economics
> Utah State University
> 4835 Old Main Hill
> Logan, Utah 84322-4835
> tel: 435-797-0775
> web: https://url.au.m.mimecastprotect.com/s/fLnjCwV1vMfRGqAxMHVfgFJ6xbn?domain=sites.google.com
> ________________________________
> From: Limdep <limdep-bounces at mailman.sydney.edu.au> on behalf of medard
> kakuru via Limdep <limdep at mailman.sydney.edu.au>
> Sent: Thursday, October 17, 2024 11:58 PM
> To: Limdep and Nlogit Mailing List <limdep at mailman.sydney.edu.au>
> Cc: medard kakuru <medakseth at gmail.com>
> Subject: Re: [Limdep Nlogit List] Exploded and negative wtp estimates
>
> Greetings to you all!
> I estimated wtp using three models: RPL, Generalised mixed logit in
> preference space and in wtp space. My estimates are extremely big - I have
> tried the normal, triangular and log normal distributions. They become
> bigger if I use more than 100 random draws, halton draws don't make them
> any better. Secondly, they are negative yet the MNL estimates are positive
> and my price parameter is negative. What could be the reason/problem for
> negative and explosive wtp estimates?
>
>
> Best regards,
>
> Medard
>
> >
> >
> >
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