Fitting Mixed Logit Models by Using Maximum Simulated Likelihood

By Arne Hole. 2007

834 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing

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Citations in the corpus

Counterfactual inference for consumer choice across many product categories (2019, methodology): “We estimate mixed logit models using the Stata implementation from Hole (2007), which allows each of the product intercepts αij to be distributed across households as independent normal distributions.”
The influence of traffic, geometric and context variables on urban crash types: A grouped random parameter multinomial logit approach (2020, methodology): “The grouped random parameter approach leads to a statistically significant improvement 398 with respect to the correspondent fixed parameters model, as based on the LRT test (see Table 4) which 399 reveals an overall significance for the estimated standard deviations (Hole, 2007).”
Regulation of Insurance with Adverse Selection and Switching Costs: Evidence from Medicare Part D (2015, neutral): “Honoré (2002) and Honoré and Tamer (2006) provide an excellent discussion.”
German car buyers’ willingness to pay to reduce CO2 emissions (2012, positive): “See Hole (2007) for more details.”
Preferences for urban green spaces and peri-urban forests: An analysis of stated residential choices (2016, methodology): “The log likelihood can be maximized using maximum simulated likelihood methods (Train, 2003), done in the present study using STATA 12 and the “mixlogit” package (Hole, 2007).”
Testing for Complementarity: Glyphosate Tolerant Soybeans and Conservation Tillage (2015, neutral): “…i R r r P L Rζ ζ ν θ = ≈ ∑ The SML estimator is therefore given by (20) 1 1ˆ arg max ln ( ; ) i R ri r L R ζθ θ ν θ = = ∑ ∑ The statistical package that we use is the Stata user-written mixlogit package developed by Hole (2007) (for further details see also Cameron and Trivedi 2010, p. 523).”
To Merge, Sell, or Liquidate? Socioemotional Wealth, Family Control, and the Choice of Business Exit (2019, positive): “In each analysis, the omitted alternative becomes the base outcome (Hole, 2007; Long & Freese, 2006).3 Dependent Variable In the mixed logit analysis after matching, the dependent variable contains 1 for the selected alternative (continuation, sale, dissolution, or merger) and 0 for nonselected…”
Quality Signals? The Role of Patents, Alliances, and Team Experience in Venture Capital Financing (2015, neutral): “As notable exceptions, Hsu and Ziedonis (2013) and Hoenen et al.”