Search Results - subject:"Choice Models"

Welfare gain from quality and price development in the Japan’s LCD TV market

Nakano, Satoshi; Nishimura, Kazuhiko - In: Journal of Evolutionary Economics 23 (2013) 4, pp. 889-908

We estimate the welfare gain from innovations in the LCD TVs that prevailed during the period 2005–2007 in Japan, via consumer surplus that we measure with the aid of discrete choice methods, using market data obtained from an internet price comparison service (Kakaku.com). Further, by the...

Persistent link: https://www.econbiz.de/10010849039

A Classical MCMC Approach to the Estimation of Limited Dependent Variable Models of Time Series

Monokroussos, George - In: Computational Economics 42 (2013) 1, pp. 71-105

Estimating limited dependent variable time series models through standard extremum methods can be a daunting computational task because of the need for integration of high order multiple integrals and/or numerical optimization of difficult objective functions. This paper proposes a classical...

Persistent link: https://www.econbiz.de/10010866872

Integrated mixed logit and latent variable models

Danthurebandara, Vishva; Vandebroek, Martina; Yu, Jie - In: Marketing Letters 24 (2013) 3, pp. 245-259

Extending the traditional discrete choice model by incorporating latent psychological factors can help to better understand the individual’s decision-making process and therefore to yield more reliable part-worth estimates and market share predictions. Several integrated choice and latent...

Persistent link: https://www.econbiz.de/10010867828

A Nonparametric Approach to Modeling Choice with Limited Data

Farias, Vivek F.; Jagabathula, Srikanth; Shah, Devavrat - In: Management Science 59 (2013) 2, pp. 305-322

Choice models today are ubiquitous across a range of applications in operations and marketing. Real … the choice models implicitly learned by the approach. We believe that this paper takes a step toward "automating" the …

Persistent link: https://www.econbiz.de/10010990440

Development of an indicator to assess the spatial fit of discrete choice models

Páez, Antonio; López, Fernando A.; Ruiz, Manuel; … - In: Transportation Research Part B: Methodological 56 (2013) C, pp. 217-233

Discrete choice models are increasingly implemented using geographical data. When this is the case, it may not be … widely implemented for discrete choice models, where the variable of interest is categorical. For this reason, despite recent … applied to the results of discrete choice models. Utility of the indicator is explored by means of numerical experiments and …

Persistent link: https://www.econbiz.de/10011065521

Modelling the spatial interactions between workplace and residential location

Ibeas, Ángel; Cordera, Ruben; dell’Olio, Luigi; … - In: Transportation Research Part A: Policy and Practice 49 (2013) C, pp. 110-122

The use of Multinomial Logit (MNL) models specification for the simulation of residential location have been often criticised due to the Independence of Irrelevant Alternatives hypothesis (IIA) which does not allow for the existence of spatial correlation between residential zones. Moreover, it...

Persistent link: https://www.econbiz.de/10011043529

The benefits of allowing heteroscedastic stochastic distributions in multiple discrete-continuous choice models

Sikder, Sujan; Pinjari, Abdul Rawoof - In: Journal of choice modelling 9 (2013) C, pp. 39-56

maximization-based multiple discrete-continuous (MDC) choice models. To this end, first, a Multiple Discrete …

Persistent link: https://www.econbiz.de/10010744115

A specification test for discrete choice models

Chicu, Mark; Masten, Matthew A. - In: Economics Letters 121 (2013) 2, pp. 336-339

In standard discrete choice models, adding options cannot increase the choice probability of an existing alternative …

Persistent link: https://www.econbiz.de/10010709100

Structural estimation of stock market participation costs

Khorunzhina, Natalia - In: Journal of Economic Dynamics and Control 37 (2013) 12, pp. 2928-2942

This paper develops and estimates a dynamic model of stock market participation, where consumers' decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...

Persistent link: https://www.econbiz.de/10010719555

Determinants and specificities of eco-innovations compared to other innovations : an econometric analysis for the French and German industry based on the Community Innovation Survey

Horbach, Jens; Oltra, Vanessa; Belin, Jean - In: Industry and innovation 20 (2013) 6, pp. 523-543

Persistent link: https://www.econbiz.de/10010235516