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Specification test on mixed logit models

Author

Listed:
  • Jinyong Hahn

    (Institute for Fiscal Studies)

  • Jerry Hausman

    () (Institute for Fiscal Studies and MIT)

  • Josh Lustig

    (Institute for Fiscal Studies)

Abstract

This paper proposes a specification test of the mixed logit models, by generalizing Hausman and McFadden?s (1984) test. We generalize the test even further by considering a model developed by Berry, Levinsohn and Pakes (1995).

Suggested Citation

  • Jinyong Hahn & Jerry Hausman & Josh Lustig, 2017. "Specification test on mixed logit models," CeMMAP working papers CWP58/17, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
  • Handle: RePEc:ifs:cemmap:58/17
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    File URL: https://www.ifs.org.uk/uploads/CWP581717.pdf
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    References listed on IDEAS

    as
    1. Hausman, Jerry A & Wise, David A, 1978. "A Conditional Probit Model for Qualitative Choice: Discrete Decisions Recognizing Interdependence and Heterogeneous Preferences," Econometrica, Econometric Society, vol. 46(2), pages 403-426, March.
    2. Steven T. Berry, 1994. "Estimating Discrete-Choice Models of Product Differentiation," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 242-262, Summer.
    3. Burda, Martin & Harding, Matthew & Hausman, Jerry, 2008. "A Bayesian mixed logit-probit model for multinomial choice," Journal of Econometrics, Elsevier, vol. 147(2), pages 232-246, December.
    4. Berry, Steven & Levinsohn, James & Pakes, Ariel, 1995. "Automobile Prices in Market Equilibrium," Econometrica, Econometric Society, vol. 63(4), pages 841-890, July.
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