The Effect of Including Irrelevant Alternatives in Discrete Choice Models of Recreation Demand
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DOI: 10.1007/s10614-021-10138-1
Abstract: We measure bias and efficiency of parameter estimates in the conditional logit (CL) and independent availability logit (IAL) models. Our Monte Carlo experiments consider both no choice set formation where individuals choose from the full… read more here.
Keywords: alternatives discrete; irrelevant alternatives; effect including; choice ... See more keywords