Daniel McFadden

TL;DR: In this article, the authors consider discrete product choice and develop practical formulas that apply when discrete product demands are characterized by mixed multinomial logit models and policy changes affect hedonic attributes of products in addition to price, and identify the welfare questions that can be answered in the presence of partial observability on the preferences of individual consumers.

TL;DR: In this paper, a flexible and practical hybrid choice model is presented that integrates many types of discrete choice modeling methods, draws on different types of data, and allows for flexible disturbances and explicit modeling of latent psychological variables, heterogeneity, and latent segmentation.

TL;DR: In this article, Monte Carlo techniques have been developed for approximations of P(B; μ, Ω) and its linear and logarithmic derivatives, that limit computation while possessing properties that facilitate their use in iterative calculations for statistical inference.

TL;DR: The closing session of the 14th International Conference of the Western Economic Association International (WEAI), hosted by the Newcastle Business School, University of Newcastle, Australia, January 11-14, 2018.

TL;DR: In this paper, the authors investigate the pattern of housing mobility among the elderly and determine which household characteristics tend to increase the probability of a move and whether elderly households systematically move to smaller, less expensive dwellings when they do move, and, if so, which characteristics make such downsizing particularly likely.