Model selection for the mixed logit with Bayesian estimation
In this paper, the mixed logit (ML) using Bayesian methods was employed to examine
willingness-to-pay (WTP) to consume bread produced with reduced levels of pesticides so …
willingness-to-pay (WTP) to consume bread produced with reduced levels of pesticides so …
A more flexible model or simply more effort? On the use of correlated random parameters in applied choice studies
P Mariel, J Meyerhoff - Ecological Economics, 2018 - Elsevier
The random parameter logit model has become the dominating model for analyzing stated
choice data in environmental valuation. The unrestricted version of the model with correlated …
choice data in environmental valuation. The unrestricted version of the model with correlated …
Willingness-to-pay estimation with mixed logit models: some new evidence
M Sillano, J de Dios Ortúzar - Environment and Planning A, 2005 - journals.sagepub.com
Mixed-logit models are currently the state of the art in discrete-choice modelling, and their
estimation in various forms (in particular, mixing revealed-preference and stated-preference …
estimation in various forms (in particular, mixing revealed-preference and stated-preference …
Interpreting correlated random parameters in choice experiments
The random parameter logit (RPL) model with uncorrelated coefficients is a restrictive
version of the mixed logit model, but it is one of the most frequently used models for …
version of the mixed logit model, but it is one of the most frequently used models for …
Modeling disinterest and dislike: A bounded Bayesian mixed logit model of the UK market for GM food
Mixed logit models represent a powerful discrete choice analytical model but require
assumptions about the functional form of the parameter distributions. The use of unbounded …
assumptions about the functional form of the parameter distributions. The use of unbounded …
Using Classical Simulation-Based Estimators to Estimate Individual WTP Values: A Mixed Logit Case Study of Commuters
A number of papers have recently contrasted classical inference estimation methods for logit
models with Bayesian methods. It has been argued that two particularly appealing features …
models with Bayesian methods. It has been argued that two particularly appealing features …
Mixed logit model performance and distributional assumptions: preferences and GM foods
Using mixed logit models to analyse choice data is common but requires ex ante
specification of the functional forms of preference distributions. We make the case for greater …
specification of the functional forms of preference distributions. We make the case for greater …
Random coefficient models for stated preference surveys
DF Layton - Journal of Environmental Economics and Management, 2000 - Elsevier
This paper combines the use of random coefficient discrete choice models that allow for
correlated errors in the form of unobserved preference heterogeneity with an investigation of …
correlated errors in the form of unobserved preference heterogeneity with an investigation of …
A new baseline model for estimating willingness to pay from discrete choice models
RT Carson, M Czajkowski - Journal of Environmental Economics and …, 2019 - Elsevier
We show a substantive problem exists with the widely-used ratio of coefficients approach to
calculating willingness to pay (WTP) from discrete choice models. The correctly calculated …
calculating willingness to pay (WTP) from discrete choice models. The correctly calculated …
Estimation using contingent valuation data from a “dichotomous choice with follow-up” questionnaire: Reply
TA Cameron, J Quiggin - Journal of Environmental Economics and …, 1998 - Elsevier
Our original article proposed that the two yes–no willingness-to-pay (WTP) responses
produced by this survey format should be viewed as a pair of jointly distributed (correlated) …
produced by this survey format should be viewed as a pair of jointly distributed (correlated) …