Multinomial Probit Estimation of Spatially Interdependent Choices: An Empirical Comparison of Two New Techniques
The paper compares the empirical performance of two recently suggested techniques for estimating Multinomial Probit (MNP) models. The application concerns the choice of the first practice location of general practitioners in Quebec (Canada). Regional similarities are accounted for by modeling interdependent choice decisions. One technique is a simulated maximum likelihood based approach that relies on a Geweke, Hajivassiliou, and Keane (GHK) choice probability simulator, and the other one exploits the Gibbs sampler with data augmentation. The results indicate that both estimation techniques give similar results. Compared to its competitor, the Gibbs approach is much simpler to implement both conceptually and computationally.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1995|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (418) 656-5122
Fax: (418) 656-2707
Web page: http://www.ecn.ulaval.ca/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:lavape:9508. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.