A practical test for the choice of mixing distribution in a discrete choice model
AbstractThe choice of a specific distribution for random parameters of a discrete choice model is a critical issue in transportation analysis. Indeed, various pieces of research have demonstrated that an inappropriate choice of the distribution may lead to serious biases in model forecast and in the estimated means of random parameters. In this paper we propose a practical test, based on seminonparametric techniques. The test is analyzed both on synthetic and real data, and is shown to be simple and powerful.
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Bibliographic InfoPaper provided by EconWPA in its series Econometrics with number 0512002.
Length: 23 pages
Date of creation: 05 Dec 2005
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Note: Type of Document - pdf; pages: 23
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Seminonparametric; discrete choice; mixed logit; value of time;
Find related papers by JEL classification:
- C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
- C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
- C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-12-14 (All new papers)
- NEP-DCM-2005-12-14 (Discrete Choice Models)
- NEP-ECM-2005-12-14 (Econometrics)
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- Fosgerau, Mogens & Hjort, Katrine & Vincent Lyk-Jensen, Stéphanie, 2007. "An approach to the estimation of the distribution of marginal valuations from discrete choice data," MPRA Paper 3907, University Library of Munich, Germany.
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