Results 31 to 40 of about 132,464 (343)

Asymmetric triangular mixing densities for mixed logit models [PDF]

open access: yesJournal of Choice Modelling, 2016
A novel method is proposed to estimate random parameter logit models using the asymmetric triangular distribution to describe unobserved preference heterogeneity in the population of interest. The asymmetric triangular mixing density has the potential to overcome behavioural limitations associated with the most frequently applied mixing densities like ...
openaire   +1 more source

Correlation and scale in mixed logit models [PDF]

open access: yesJournal of Choice Modelling, 2017
This paper examines sources of correlation among utility coefficients in models allowing for random heterogeneity, including correlation that is induced by random scale heterogeneity. We distinguish the capabilities and limitations of various models, including mixed logit, generalized multinomial logit (G-MNL), latent class, and scale-adjusted latent ...
Hess, S, Train, K
openaire   +3 more sources

An exact algorithm for the static pricing problem under discrete mixed logit demand

open access: yesEURO Journal on Computational Optimization, 2023
Price differentiation is a common strategy in many markets. In this paper, we study a static multiproduct price optimization problem with demand given by a discrete mixed multinomial logit model.
Ahmadreza Marandi, Virginie Lurkin
doaj   +1 more source

Extensive hypothesis testing for estimation of mixed-Logit models

open access: yesJournal of Choice Modelling, 2022
Estimation of discrete outcome specifications involves significant hypothesis testing, including multiple modelling decisions which could affect results and interpretation. Model development is generally time-bound, and decisions largely rely on experience, knowledge of the problem context and statistics.
Prithvi Bhat Beeramoole   +4 more
openaire   +2 more sources

Mixed Logit and Pure Characteristics Models

open access: yes, 2022
Mixed logit or random coefficients logit models are used extensively in empirical work while pure characteristic models feature in much of theoretical work. We provide a theoretical analysis of the relationship between the two classes of models. First, we show an approximation theorem that precisely characterizes the extent and limitations of mixed ...
Lu, Jay, Saito, Kota
openaire   +2 more sources

Cross-Border Travel Behavior Analysis of Hong Kong-Zhuhai-Macao Bridge Using MXL-BMA Model

open access: yesJournal of Advanced Transportation, 2023
The Hong Kong-Zhuhai-Macao Bridge (HZMB) is an important transportation facility connecting Hong Kong, Zhuhai, and Macao. Thus, analyzing the characteristics of cross-border behavior becomes crucial for enhancing the smart travel experience of the HZMB ...
Yajie Zou   +6 more
doaj   +1 more source

logitr: Fast Estimation of Multinomial and Mixed Logit Models with Preference Space and Willingness-to-Pay Space Utility Parameterizations

open access: yesJournal of Statistical Software, 2023
This paper introduces the logitr R package for fast maximum likelihood estimation of multinomial logit and mixed logit models with unobserved heterogeneity across individuals, which is modeled by allowing parameters to vary randomly over individuals ...
John Paul Helveston
doaj   +1 more source

Park‐and‐ride choice behaviour under multimodal travel information—Analysis based on panel mixed logit model

open access: yesIET Intelligent Transport Systems, 2023
Understanding the impact of smartphone‐based multimodal information (SMMI) on travellers' P&R (park‐and‐ride) choice behaviour is very limited so far. The purpose of this study is to better understand how SMMI, social network information, and individual ...
Yue Huang   +4 more
doaj   +1 more source

Farmers’ willingness to pay for alternative resource management practices in the Bale Eco-Region, Ethiopia: An application of choice experiment

open access: yesHeliyon, 2021
The purpose of this study is to investigate the preferences of people in the Bale Eco-Region (BER) for better ecosystem services and to calculate their mean Willingness to Pay (WTP) for selected attributes of conservation practices to maintain watershed ...
Teshome Kefale   +3 more
doaj   +1 more source

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