Instructional dataset, N=32, Data Used to Study Program Effectivness Accompanying Econometric Analysis, William H. Greene, Prentice Hall, 4th ed. (c) 2000

Instructional dataset, N=15 Yearly Observations, The Longley Data Accompanying Econometric Analysis, William H. Greene, Prentice Hall, 4th ed. (c) 2000

The growing popularity of mixed logit to obtain estimates of willingness to pay (WTP) has focussed on the distribution of the random parameters and the possibility of estimating deep parameters to account for heterogeneity around the mean of the distribution. However the possibility exists to...

This paper introduces a four-state failure model to depict a wider range of distress scenarios that public companies typically face in the real world. We use a multinomial error component logit model to analyse firm failure, a major advance on the modelling techniques used in previous research....

The nested logit model is currently the preferred extension to the simple multinomial logit (MNL) discrete choice model. The appeal of the nested logit model is its ability to accommodate differential degrees of interdependence (i.e., similarity) between subsets of alternatives in a choice set....