Discrete choice modelling is a framework for analysing how individuals select among a set of distinct alternatives by associating each option with a utility value derived from observable attributes ...

Keywords: amenity valuation, location choice, hedonic models, value of climate Abstract: Amenities that vary across cities are typically valued using either a hedonic model, in which amenities are ...

In a well-known academic paper, Amil Petrin used such a model to analyze the economic impact of the introduction of the minivan. 7 Petrin estimated a discrete choice model for consumer demand for ...