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Heterogeneity in choice models is typically assumed to have a normal distribution in both Bayesian and classical setups … models that can be applied to both individual as well as aggregate data. Heterogeneity is modeled using a Dirichlet process …
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unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for … heterogeneity, these measures become random variables. We then show that the distribution of these objects can be derived from …
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Until recently, inference in many interesting models was precluded by the requirement of high dimensional integration. But dramatic increases in computer speed, and the recent development of new algorithms that permit accurate Monte Carlo evaluation of high dimensional integrals, have greatly...
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generalize a classic result in copula theory concerning the extendibility of subcopulas to show that related objects …
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