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Logit models: smallest versus largest extreme value error distributions

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  • Wuyang Hu

Abstract

The general term 'type I extreme value distribution' underlying the logit model is not fully precise. Through a case study, this study compares two models based on the distribution - one with the smallest specification and one with the largest. Results show these two models are different.

Suggested Citation

  • Wuyang Hu, 2005. "Logit models: smallest versus largest extreme value error distributions," Applied Economics Letters, Taylor & Francis Journals, vol. 12(12), pages 741-744.
    • Handle: RePEc:taf:apeclt:v:12:y:2005:i:12:p:741-744
    DOI: 10.1080/13504850500192457
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    References listed on IDEAS

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    1. McFadden, Daniel, 1989. "A Method of Simulated Moments for Estimation of Discrete Response Models without Numerical Integration," Econometrica, Econometric Society, vol. 57(5), pages 995-1026, September.
    2. Lee, Lung-Fei, 1992. "On Efficiency of Methods of Simulated Moments and Maximum Simulated Likelihood Estimation of Discrete Response Models," Econometric Theory, Cambridge University Press, vol. 8(4), pages 518-552, December.
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    Cited by:

    1. Hu, Wuyang, 2007. "A Choice Model with Systematic Structures in Decision Weights," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 32(3), pages 1-14, December.
    2. Junyi Shen, 2009. "A choice experiment approachin evaluating publictransportation projects," Applied Economics Letters, Taylor & Francis Journals, vol. 16(6), pages 557-561.
    3. Hu, Wuyang, 2006. "Effects of Endogenous Task Complexity and the Endowed Bundle on Stated Choice," 2006 Annual meeting, July 23-26, Long Beach, CA 21437, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Wuyang Hu, 2008. "Modeling discrete choices with augmented perception hurdles," Agricultural Economics, International Association of Agricultural Economists, vol. 39(2), pages 257-267, September.
    5. Wuyang Hu & Linda J. Cox & Quincy A. Edwards, 2007. "The market potential for gift baskets of Hawaiian food products in China," Agribusiness, John Wiley & Sons, Ltd., vol. 23(4), pages 553-565.

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