Forecasting new product penetration with flexible substitution patterns

We describe and apply choice models, including generalizations of logit called mixed logits, that do not exhibit the restrictive independence from irrelevant alternatives property and can approximate any substitution pattern. The models are estimated on data from a stated-preference survey that elicited customers preferences among gas, electric, methanol, and CNG vehicles with various attributes.

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Year of publication:	1999-01-01
Authors:	Brownstone, David ; Train, Kenneth
Institutions:	Institute for Transportation Studies (ITS), University of California-Berkeley
Subject:	Architecture

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Extent:	application/pdf
Series:	University of California Transportation Center, Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series University of California Transportation Center
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010677118