On the Treatment of Repeated Observations in Panel Data: Efficiency of Mixed Logit Parameter Estimates

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Sequential and Simultaneous Estimation of Hybrid Discrete Choice Models (2010, methodology): “This statement may be surprising, since there are multiple examples in the recent literature (15, 20, 21) showing that the introduction of panel correlation (or interrespondent heterogeneity) using random parameters entails the main improvement factor in terms of fit.”