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Persistent link: https://www.econbiz.de/10011285536
The random coefficients, multinomial choice logit model has been widely used in empirical choice analysis for the last 30 years. We are the first to prove that the distribution of random coefficients in this model is nonparametrically identified. Our approach exploits the structure of the logit...
Persistent link: https://www.econbiz.de/10013160155
Persistent link: https://www.econbiz.de/10009509232
Persistent link: https://www.econbiz.de/10003841416
We propose a simple mixtures estimator for recovering the joint distribution of parameter heterogeneity in economic models, such as the random coefficients logit. The estimator is based on linear regression subject to linear inequality constraints, and is robust, easy to program, and...
Persistent link: https://www.econbiz.de/10011756371
The random coefficients, multinomial choice logit model has been widely used in empirical choice analysis for the last 30 years. We are the first to prove that the distribution of random coefficients in this model is nonparametrically identified. Our approach exploits the structure of the logit...
Persistent link: https://www.econbiz.de/10012463714