Non-Linear Mixed Logit

We develop an extension of the familiar linear mixed logit model to allow for the direct estimation of parametric non-linear functions defined over structural parameters. A classic application is the estimation of coefficients of utility functions to characterize risk attitudes. There are several unexpected benefits of this extension, apart from the ability to directly estimate structural parameters of theoretical interest.

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Year of publication:	2010
Authors:	Andersen, Steffen ; Harrison, Glenn W. ; Hole, Arne Risa ; Rutström, Elisabet E.
Publisher:	Frederiksberg : Copenhagen Business School (CBS), Department of Economics
Subject:	utility functions \| risk attitudes \| utility theory

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Series:	Working paper ; 4-2010
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	636114821 [GVK] hdl:10419/208564 [Handle] hdl:10398/8171 [Handle] RePEc:hhs:cbsnow:2010_004 [RePEc]
Classification:	C10 - Econometric and Statistical Methods: General. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10012142365