Non-Linear Mixed Logit

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

Non-Linear Mixed Logit

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

Department of Economics

Research output: Working paper › Research

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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.

Original language	English
Place of Publication	Frederiksberg
Publisher	Department of Economics. Copenhagen Business School
Number of pages	19
Publication status	Published - 2010

Series	Working Paper / Department of Economics. Copenhagen Business School
Number	4-2010

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