This paper analyzes the nature of the farmers’ market in Romania and its position regarding the main rivals: the specialized stores and the supermarkets. We use a multinomial logit model to estimate the consumers’ characteristics which determine their preference for a certain...

El presente documento busca analizar el comportamiento de los hogares colombianos en la compra de vehículo nuevo para uso particular, y modelar el funcionamiento de la demanda de vehículos particulares en Colombia, entre 2009 y 2011. Esto a partir de la estimación de un modelo logit anidado...

The mixed logit choice model has become the common standard to analyze transport behavior. Efficient design of the corresponding choice experiments is therefore indispensable to obtain precise knowledge of travelers' preferences. Accounting for the individual specific coefficients in the model,...

We propose a near-rational model of retail price adjustment consistent with microeconomic and macroeconomic evidence on price dynamics. Our framework is based on the idea that avoiding errors in decision making is costly. Given our assumed cost function for error avoidance, the timing of firms'...

This paper describe lclogit, a Stata module to fit latent class logit models through the Expectation-Maximization algorithm. The stability of this estimation method allows overcoming some of the computational difficulties that normally arise when fitting such models with many latent classes....

This paper examines the impact of independent managers, institutional shareholders and audit expenses on the probability of financial crisis of the listed companies in Tehran Stock Exchange (TSE). The target sample includes 75 firms of the listed companies in TSE during 2006 to 2010 years (1385...

This paper provides new evidence on migrant networks as determinants of the total size (scale) and skill structure of migration, using aggregate data from a recent migration boom to Spain. We draw upon McFadden (1984, 1422-1428) in order to develop and apply a three-level nested multinomial...