We investigate analytical and empirical properties of the Heteroscedastic Exponomial Choice (HEC) model to lay the groundwork for its use in theoretical and empirical research that build demand models on a discrete choice foundation. The HEC model generalizes the Exponomial Choice (EC) model by...

We derive a general approximation to the distribution of count data based on the first two moments of the underlying interarrival distribution. The result is a variant of the Birnbaum-Saunders (BISA) distribution. This distribution behaves like the lognormal in several respects; however, we show...