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Non-linear mixed logit

Andersen, Steffen; Harrison, Glenn; Lau, Morten; Rutstroem, Elisabet

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Authors

Steffen Andersen

Glenn Harrison

Elisabet Rutstroem



Abstract

We develop an extension of the familiar linear mixed logit model to allowfor the direct estimation of parametric non-linear functions defined over structuralparameters. Classic applications include the estimation of coefficients of utilityfunctions to characterize risk attitudes and discounting functions to characterizeimpatience. There are several unexpected benefits of this extension, apart from theability to directly estimate structural parameters of theoretical interest.

Citation

Andersen, S., Harrison, G., Lau, M., & Rutstroem, E. (2011). Non-linear mixed logit

Publication Date Jan 1, 2011
Deposit Date Dec 7, 2012
Publicly Available Date Mar 28, 2024
Series Title Durham University Business School Economics Finance Accounting Working Papers
Public URL https://durham-repository.worktribe.com/output/1699625
Publisher URL http://www.dur.ac.uk/business/faculty/working-papers/

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