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This paper reports the findings of a systematic study using Monte Carlo experiments and a real dataset aimed at comparing the performance of various ways of specifying random taste heterogeneity in a discrete choice model. Specifically, the analysis compares the performance of two recent...
Persistent link: https://www.econbiz.de/10005835496
Increasing use is being made of random coefficients structures, such as mixed logit, in the analysis of air travel choice behaviour. These models have the advantage of being able to retrieve random variations in sensitivities across travellers. An important issue, however, arises in the...
Persistent link: https://www.econbiz.de/10010688195
There is growing interest in the notion that a significant component of the heterogeneity retrieved in random coefficients models may actually relate to variations in absolute sensitivities, a phenomenon referred to as scale heterogeneity. As a result, a number of authors have tried to...
Persistent link: https://www.econbiz.de/10010867529
This paper reports the findings of a systematic study using Monte Carlo experiments and a real dataset aimed at comparing the performance of various ways of specifying random taste heterogeneity in a discrete choice model. Specifically, the analysis compares the performance of two recent...
Persistent link: https://www.econbiz.de/10010538999
Persistent link: https://www.econbiz.de/10009403338
A number of authors have discussed the possible advantages of conditioning parameter distributions on observed choices when working with Mixed Multinomial Logit models. However, the number of applications is still relatively small, partly due to a limited implementation in available software. To...
Persistent link: https://www.econbiz.de/10010289566
Persistent link: https://www.econbiz.de/10008552667
Persistent link: https://www.econbiz.de/10011440636