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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. Richard T. Carson & Derrick H. Sun & Yixiao Sun, 2024. "Random Utility Models with Skewed Random Components: the Smallest versus Largest Extreme Value Distribution," Papers 2405.08222, arXiv.org, revised May 2024.
    4. 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).
    5. Wuyang Hu, 2008. "Modeling discrete choices with augmented perception hurdles," Agricultural Economics, International Association of Agricultural Economists, vol. 39(2), pages 257-267, September.
    6. 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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