Non-Linear Mixed Logit
AbstractWe develop an extension of the familiar linear mixed logit model to allow for the direct estimation of parametric non-linear functions defined over structural parameters. Classic applications include the estimation of coefficients of utility functions to characterize risk attitudes and discounting functions to characterize impatience. There are several unexpected benefits of this extension, apart from the ability to directly estimate structural parameters of theoretical interest.
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Bibliographic InfoPaper provided by Durham University Business School in its series Working Papers with number 2011_04.
Date of creation: 01 Jan 2011
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- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-22 (All new papers)
- NEP-DCM-2011-09-22 (Discrete Choice Models)
- NEP-ECM-2011-09-22 (Econometrics)
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