Hi statalist users,
I’m trying to estimate Willigness To Pay (WTP) values for travel with taxi using discrete choice experiment. I have 3 attributes (time, driver experience, Cost). I use random parameters Logit with only one Alternative Specific Constant (ASC). ASC is constrained as the “no choice” alternative. COST is fixed and time, experience are random. I manage to calculate WTP for each attribute. NOW i want to calculate the average and median WTP pour a travel. (Not for a attribute). I use mixlogit with stata 14 and mlogit in R. Thanks.