Search Results - subject:"Multinomial logit"

Discrete choice models, which one performs better?

Gallardo, Rosa Karina; Chang, Jae Bong - 2010

For over the last thirty years the multinomial logit model has been the standard in choice modeling. Development in … realistically choice behavior. This study compares three discrete choice models, the standard multinomial logit, the error … found that the multinomial logit model outperformed in at least one of three evaluations in both datasets. Overall, findings …

Persistent link: https://www.econbiz.de/10009446136

Disentangling Purchasing Motives from Socio-demographic Differences: The case of Organic Milk

Andersen, Laura Mørch - 2010

Using a unique data set where an unbalanced panel of more than 1,000 households have reported their purchases of groceries in great detail over a period of six months it is shown that consumption of organic milk increases significantly with level of education, urbanisation and income. Age and...

Persistent link: https://www.econbiz.de/10012100954

Maintaining symmetry of simulated likelihood functions

Andersen, Laura Mørch - 2010

This paper suggests solutions to two different types of simulation errors related to Quasi-Monte Carlo integration. Likelihood functions which depend on standard deviations of mixed parameters are symmetric in nature. This paper shows that antithetic draws preserve this symmetry and thereby...

Persistent link: https://www.econbiz.de/10012100963

Disability and multi-state labour force choices with state dependence

Oguzoglu, Umut - 2010

I use a dynamic mixed multinomial logit model with unobserved heterogeneity to study the impact of work limiting …

Persistent link: https://www.econbiz.de/10010278581

Specification and estimation of mode choice model capturing similarity between mixed auto and transit alternatives

Bekhor, Shlomo; Shiftan, Yoram - In: Journal of Choice Modelling 3 (2010) 2, pp. 29-49

methodology application. Estimation results for different model structures including the Multinomial Logit, Nested Logit, Cross …

Persistent link: https://www.econbiz.de/10010289571

Limits on Individual Choice

Sheshinski, Eytan - Volkswirtschaftliche Fakultät, … - 2010

Individuals behave with choice probabilities defined by a multinomial logit (MNL) probability distribution over a …

Persistent link: https://www.econbiz.de/10011108724

Biases in Willingness-To-Pay Measures from Multinomial Logit Estimates due to Unobserved Heterogeneity

Berg, Vincent van den; Kroes, Eric; Verhoef, Erik T. - Tinbergen Instituut - 2010

(i.e. WTP's) from multinomial logit (MNL) estimations differ from those calculated using mixed logit estimations, where …

Persistent link: https://www.econbiz.de/10011257275

Has the Euro Affected the Choice of Invoicing Currency?

Ligthart, J.E.; Werner, S.E.V. - Tilburg University, Center for Economic Research - 2010

approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the …

Persistent link: https://www.econbiz.de/10011090527

Participation in Off-Farm Employment, Rainfall Patterns, and Rate of Time Preferences: The Case of Ethiopia

Bezabih, Mintewab; Gebreegziabher, Zenebe; GebreMedhin, … - 2010

Devoting time to off-farm activities, while complementing agricultural incomes, may be constrained by labor availability and financial capacity. This paper assesses the importance of rainfall patterns, which condition the availability of agricultural labor, and financial constraints on off-farm...

Persistent link: https://www.econbiz.de/10008483808

Has the Euro Affected the Choice of Invoicing Currency?

Ligthart, Jenny; Werner, Sebastian E. V. - CESifo - 2010

approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the …

Persistent link: https://www.econbiz.de/10008533991