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Title:
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Non-Linear Mixed Logit
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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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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. |
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URI:
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http://hdl.handle.net/10398/8171
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Date:
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2010-09-22 |
This work is licensed under a Creative Commons License.
