Showing 1 - 10 of 1,617
interval [0,1] and in studying the relative utility function …
Persistent link: https://www.econbiz.de/10013144242
This paper presents a regression procedure for inhomogeneous data characterized by varying variance, skewness and kurtosis or by an unequal amount of data over the estimation domain. The concept is based first on the estimation of the densities of an observed variable for given values of...
Persistent link: https://www.econbiz.de/10013144565
The multinomial logit model with random coefficients is widely used in applied research. This paper is concerned with … estimating a random coefficients logit model in which the distribution of each coefficient is characterized by finitely many … distinguishes correctly between zero and non-zero parameters in a random coefficients logit model. If one or more parameters are …
Persistent link: https://www.econbiz.de/10012109830
manner that actual utility consists of observed utility and Gumbel random term; the probability then becomes logit. In this …The logit function is frequently used in the probabilistic choice problem. The justification is usually provided in a … paper, we present an alternative explanation of the logit form probabilistic choice model from the "Equal Likelihood …
Persistent link: https://www.econbiz.de/10013108533
Traffic congestion contributes to longer travel times and increased travel time variability. We account for the dynamic nature of travellers' choices, by deriving a closed-form solution for the costs of travel time variability. The resulting travel delay cost function is linear in the mean...
Persistent link: https://www.econbiz.de/10011532468
The mixed logit is a framework for incorporating unobserved heterogeneity in discrete choice models in a general way … a new approach for estimating mixed logit models. The estimator is easily implemented as iteratively re-weighted least …
Persistent link: https://www.econbiz.de/10013100481
parameters logit (RPL) model. The pretests are for the presence of random parameters. We study the Lagrange multiplier (LM …), likelihood ratio (LR), and Wald tests, using conditional logit as the restricted model. The LM test is the fastest test to … implement among these three test procedures since it only uses restricted, conditional logit, estimates. However, the LM …
Persistent link: https://www.econbiz.de/10013020885
Parameters Logit (RPL) model. The results of our Monte Carlo experiments show that the positive-part Stein-like estimator …
Persistent link: https://www.econbiz.de/10012983597
This paper proposes a new method for estimating random coefficients logit models using aggregate data. The method is …
Persistent link: https://www.econbiz.de/10013250541
Persistent link: https://www.econbiz.de/10010191398