Showing 1 - 10 of 181,990
Persistent link: https://www.econbiz.de/10012598850
The focus of this paper is on the microeconometric analysis of spatial choice in a cross section. Nested multinomial logit models are used to analyze the determi-nants of individual choice among destinations and vacation activities. Cramer and Ridder's likelihood ratio test for pooled...
Persistent link: https://www.econbiz.de/10010403834
Persistent link: https://www.econbiz.de/10010188265
This paper studies inference of preference parameters in semiparametric discrete choice models when these parameters … the semiparametric modeling restrictions, we show that the identified set can be equivalently formulated by moment … variety of semiparametric models under which the sign of conditional expectation of a certain transformation of the outcome is …
Persistent link: https://www.econbiz.de/10011775363
Persistent link: https://www.econbiz.de/10003637508
Persistent link: https://www.econbiz.de/10011385254
with the multinomial logit model. This provides a new interpretation for a workhorse model of discrete choice theory. We …
Persistent link: https://www.econbiz.de/10013122426
This paper demonstrates the use of bounds analysis for empirical models of market structure that allow for multiple equilibria. From an econometric standpoint, these models feature systems of equalities and inequalities for the determination of multiple endogenous interdependent discrete choice...
Persistent link: https://www.econbiz.de/10012225881
Models of simultaneous discrete choice may be incomplete, delivering multiple values of out- comes at certain values of the latent variables and covariates, and incoherent, delivering no val- ues. Alternative approaches to accommodating incompleteness and incoherence are considered in a unifying...
Persistent link: https://www.econbiz.de/10012165372
This paper specifies an estimable dynamic model of sequential discrete choices in a controlled jump-process framework. We study sufficient conditions under which the agent's optimal policy is stationary. We show that the observable event histories at the micro-level are sample paths of a...
Persistent link: https://www.econbiz.de/10014201280