Unobserved heterogeneity in random utility choice models can be dealt with by specifying either a multinomial or a normal distribution of the coefficients, leading to finite mixture logit and mixed ...

The estimation of empirical models is essential to public policy analysis and social science research. Ordinary Least Squares (OLS) regression analysis is the most frequently used empirical model, and ...

This is a preview. Log in through your library . Abstract Although probabilistic discrete-choice models such as multinomial logit are widely used, little consideration has been given to the ...