Logit Mixed Logit Under Asymmetry and Multimodality of WTP: A Monte Carlo Evaluation
The logit-mixed logit (LML) model advances choice modeling by generalizing previous parametric and semi-nonparametric specifications and allowing retrieval of flexible taste distributions. Using standard operating conditions in the field, we report results from Monte Carlo experiments designed to as...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
John Wiley and Sons Inc
2021
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |