To study preferences, respondents to a survey are usually asked to select their most preferred option from a set. Preferences can be estimated more efficiently if respondents are asked to rank all ...
The mixed logit model is widely used in applied econometrics. Researchers typically rely on the free choice between the classical and Bayesian estimation approach. However, empirical evidence of the ...
Citations: Nevo, Aviv. 2000. A Practitioner's Guide to Estimation of Random-Coefficients Logit Models of Demand. Journal of Economics & Management Strategy. (4)513-548.
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