Search Results - subject:"Random Utility Models"

MAYDEU, ALBERTO - Área de Entorno Económico, Instituto de Empresa - 2008

We provide a gentle overview of modeling choice data, with an emphasis on statistical models that allow treating both observed and unobserved effects due to the decision makers and choice options. We first consider the situation when decision makers express their preferences in the form of...

Persistent link: https://www.econbiz.de/10005737100

Estimating Willingness to Pay for E10 fuel: a contingent valuation study

Bhattacharjee, Sanjoy; Petrolia, Daniel R.; Herndon … - Southern Agricultural Economics Association - SAEA - 2008

In this study, we measure willingness to pay for E10 fuel by US consumers employing a contingent valuation technique in a simultaneous latent variable equation framework. The simultaneous equation framework helps us to understand the way consumers' perceptions about ethanol are developed and...

Persistent link: https://www.econbiz.de/10005503444

Evaluating Alternative Representations of the Choice Sets in Models of Labour Supply

Aaberge, R.; Wennemo, T.; Colombino, U. - Centre for Household, Income, Labour and Demographic … - 2008

During the last two decades, the discrete-choice modelling of labour supply decisions has become increasingly popular, starting with Aaberge et al. (1995) and van Soest (1995). Within the literature...

Persistent link: https://www.econbiz.de/10005292721

An Alternative Approach to Labor Supply Modeling. Emphasizing Job-type as Choice Variable

Dagsvik, John K.; Jia, Zhiyang - Statistisk Sentralbyrå, Government of Norway - 2008

Traditional labor supply analysis is based on the assumption that workers only have preferences over consumption and hours of work, and are able to choose consumption and hours freely within the budget constraint. Recently, various discrete choice versions of the traditional approach (with...

Persistent link: https://www.econbiz.de/10004980801

Car sharing demand estimation and urban transport demand modelling using stated preference techniques

Catalano, Mario; Lo Casto, Barbara; Migliore, Marco - In: European Transport \ Trasporti Europei (2008) 40, pp. 33-50

The research deals with the use of the stated preference technique (SP) and transport demand modelling to analyse travel mode choice behaviour for commuting urban trips in Palermo, Italy. The principal aim of the study was the calibration of a demand model to forecast the modal split of the...

Persistent link: https://www.econbiz.de/10010902445

An Alternative Approach to Labor Supply Modeling. Emphasizing Job-type as Choice Variable

Dagsvik, John K.; Jia, Zhiyang - 2008

Persistent link: https://www.econbiz.de/10011968320

Modelling the determinants of wine choice among South Africa’s “Black Diamonds”

Ndanga, Leah Z.B.; Louw, Andre; van Rooyen, C.J.; … - Department of Agricultural Economics, Extension and … - 2008

This paper uses a choice based conjoint analysis in an attempt to develop a consumer profile for the new market for black consumers. Although the different statistical packages used variants of the MNL model, the results were significantly similar with no contradictions in their results and the...

Persistent link: https://www.econbiz.de/10009145125

Random utility models of demand for the U.S. commercial banking industry

Orosco, César - In: Revista de Analisis Economico – Economic Analysis Review 22 (2007) 2, pp. 47-74

In this paper, we specify a Random Utility Model of Demand for Deposits inthe U.S. Banking Industry, assessing its particular characteristics, such as alarge number of participants, a large number of markets and an unbalancedpanel (many banks participate in only one market and no bank...

Persistent link: https://www.econbiz.de/10005698260

SEMIPARAMETRIC ESTIMATION OF A BINARYRESPONSE MODEL WITH A CHANGE-POINTDUE TO A COVARIATE THRESHOLD

Lee, Sokbae; Seo, Myunghwan - Suntory and Toyota International Centres for Economics … - 2007

model, maximum score estimation, semiparametric estimation, threshold regression, nonlinear random utility models. JEL … Guallar, 1998; Pastor-Barriuso et al., 2003). In economics, �nance, and management, random utility models that are nonlinear … conditional heteroskedasticity is particularly important in random utility models as shown in Brown and Walker (1989). Manski …

Persistent link: https://www.econbiz.de/10005151147

Transition choice probabilities and welfare analysis in random utility models

Palma, André de; Kilani, Karim - Théorie Économique, Modélisation, Application … - 2007

additive random utility models, we derive expressions for the transition choice probabilities for a change in the systematic …

Persistent link: https://www.econbiz.de/10005328304