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We describe and apply choice models, including generalizations of logit called 'mixed logits,' that do not exhibit the restrictive 'independence from irrelevant alternatives' property and can approximate any substitution pattern. The models are estimated on data from a stated-preference survey...
Persistent link: https://www.econbiz.de/10010676721
We compare multinomial logit and mixed logit models for data on California households' revealed and stated preferences for automobiles. The stated preference (SP) data elicited households' preferences among gasoline, electric, methanol, and compressed natural gas vehicles with various...
Persistent link: https://www.econbiz.de/10010676793
We describe and apply choice models, including generalizations of logit called mixed logits, that do not exhibit the restrictive independence from irrelevant alternatives property and can approximate any substitution pattern. The models are estimated on data from a stated-preference survey that...
Persistent link: https://www.econbiz.de/10010677118
We compare multinomial logit and mixed logit models for data on California households' revealed and stated preferences for automobiles. The stated preference (SP) data elicited households' preferences among gasoline, electric, methanol, and compressed natural gas vehicles with various...
Persistent link: https://www.econbiz.de/10010817960