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“Peak car” and related discussions suggest that especially younger people (age cohort until 30) have less desire to drive and purchase cars. This might though only be true for a limited range of developed countries. This study aims to understand the role of personal background and the...
Persistent link: https://www.econbiz.de/10011155174
We present examples based on actual and synthetic datasets to illustrate how simulation methods can mask identification problems in the estimation of discrete choice models such as mixed logit. Simulation methods approximate an integral (without a closed form) by taking draws from the underlying...
Persistent link: https://www.econbiz.de/10005395284