Non-Linear Mixed Logit

Steffen Andersen, Glenn W. Harrison, Arne Risa Hole, E. Elisabet Rutström

Publikation: Working paperForskning

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Abstract

We 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. A classic application is the estimation of coefficients of utility functions to characterize risk attitudes. There are several unexpected benefits of this extension, apart from the ability to directly estimate structural parameters of theoretical interest.
OriginalsprogEngelsk
UdgivelsesstedFrederiksberg
UdgiverDepartment of Economics. Copenhagen Business School
Antal sider19
StatusUdgivet - 2010
NavnWorking Paper / Department of Economics. Copenhagen Business School
Nummer4-2010

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