‘Estimation of Discrete Choice Models Using DCM for Ox’
AbstractDCM (Discrete Choice Models) is a package for estimating a class of discrete choice models. Written in Ox, DCM is a class that implements a wide range of discrete choice models including standard binary response models, with notable extensions including conditional mixed logit, mixed probit, multinomial probit, and random coefficient ordered choice models. The current version can handle both cross-section and static panel data. DCM represents an important development for the discrete choice computing environment in making available a broad range of models which are now widely used by academics and practitioners. Developed as a derived class of Modelbase, users may access the functions within DCM by either writing Ox programs which create and use an object of the DCM class, or use the program in an interactive fashion via OxPack in GiveWin. We demonstrate the capabilities of DCM by using a number of applications from the discrete choice literature.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0427.
Date of creation: Apr 2004
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Web page: http://www.econ.cam.ac.uk/index.htm
discrete choice models; simulation methods; multinomial probit; mixed logit; ordinal response; revealed preference;
Find related papers by JEL classification:
- C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-05-02 (All new papers)
- NEP-DCM-2004-05-02 (Discrete Choice Models)
- NEP-ECM-2004-05-02 (Econometrics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"A Method of Simulated Moments for Estimation of Discrete Response Models without Numerical Integration,"
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