The main objective of this paper is to examine the drivers, barriers of financial inclusion, and saving and credit behaviour in Ethiopia. We used the World Bank 2017 Findex database to carry out logit estimations. We found that being educated, richer, a man, and older associated with greater...

Endogeneity and correlated alternatives are major concerns to be addressed in travel behavior analysis. However, these issues have been rarely dealt with simultaneously in advanced discrete choice models. This study proposed a multinomial probit model that incorporates the instrumental variable...

We consider an infinite-horizon multi-product dynamic pricing problem with reference effects in a monopolistic setting, where the reference price is an exponentially weighted average of historical prices. In each period, the demand follows the multinomial logit (MNL) model, where the utility...

This paper incorporates heterogeneous threshold effects into the classical multinomial logit (MNL) model, and studies the associated operations problems such as estimation and assortment optimization. The derived model is referred to as the threshold multinomial logit (TMNL) model and...