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Unobserved heterogeneity is a serious but often neglected problem in structural equation modelling (SEM) challenging the validity of many empirical results. Recently, a finite mixture approach to SEM has been proposed to resolve this problem but until now only a few studies analyse the...
Persistent link: https://www.econbiz.de/10009621412
regard: (1) Finite mixtures of structural equation models and (2) hierarchical Bayesian estimation. In this paper, we focus … when the proportions were unequal and parameters were relatively close together across groups. Of the three estimation … methods available in MECOSA the two-stage minimum distance estimation (MDE) in general performed worse than the alternative EM …
Persistent link: https://www.econbiz.de/10009624842
Research ; Game Theory ; Price Competition among Manufacturers and Retailers ; Empirical Industrial Organization …
Persistent link: https://www.econbiz.de/10009580471
functions of the attributes for the competitive brands, whereas that of the MNL formulation is guided by the choice theory of …
Persistent link: https://www.econbiz.de/10009612039
Persistent link: https://www.econbiz.de/10001919370