Geweke, John; Keane, Michael P; Runkle, David - In: The Review of Economics and Statistics 76 (1994) 4, pp. 609-32
This research compares several approaches to inference in the multinominal profit model, based on two Monte Carlo experiments for a seven choice model. The methods compared are the simulated maximum likelihood estimator using the GHK recursive probability simulator, the method of simulated...