Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10013190785
A direct utility approach can handle multiple discrete/continuous choice outcomes. However, there is a trade-off between allowing correlations between unobserved perceived qualities of two alternatives and computational burden. If we allow the correlations, then we have to do numerical...
Persistent link: https://www.econbiz.de/10013239495