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Title:
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Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity
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Author:
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Andersen, Steffen; Harrison, Glenn W.; Hole, Arne Risa; Rutström, E. Elisabet |
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Abstract:
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Experimental data exhibit considerable individual heterogeneity. We review
the econometric methods employed to characterize that heterogeneity. We pay
particular attention to the trade-off between collecting and allowing for observable
characteristics, such as the familiar demographics, and the use of statistical methods
to allow for unobserved individual heterogeneity. We demonstrate that these tools
are complementary. |
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URI:
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http://hdl.handle.net/10398/7802
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Date:
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2009-05-28 |
This work is licensed under a Creative Commons License.
