Journal ArticleDOI
Discrete/continuous models of consumer demand
About:
This article is published in Econometrica.The article was published on 1984-05-01. It has received 786 citations till now. The article focuses on the topics: Demand curve.read more
Citations
More filters
Book ChapterDOI
Discrete Choice Analysis of Foreign Travel Demand
TL;DR: In this article, a nested multinomial logit model is used to determine the country in which vacation is spent and the simultaneous explanation of both qualitative choice of destination and quantitative demand as measured by per capita expenditure.
Posted Content
Media Multiplexing Behavior: Implications for Targeting and Media Planning
TL;DR: This work proposes a forecasting model that incorporates media-multiplexing behavior of both traditional and new media, their interdependencies, and consumer heterogeneity, and introduces a utility function that directly models cross-channel media complementarities via interactive effects of the satiation parameters of own and joint consumption of various media types.
Journal ArticleDOI
An Exploration of the Relationship Between Timing and Duration of Maintenance Activities
Ram M. Pendyala,Chandra R. Bhat +1 more
TL;DR: In this article, the authors investigated the relationship between time-of-day choice and duration of an activity episode by considering two different causal structures and found that the causal structure in which activity duration precedes or affects activity timing performs better for the non-commuter sample.
Book ChapterDOI
Chapter 40 Classical estimation methods for LDV models using simulation
Abstract: Publisher Summary This chapter discusses classical estimation methods for limited dependent variable (LDV) models that employ Monte Carlo simulation techniques to overcome computational problems in such models. These difficulties take the form of high-dimensional integrals that need to be calculated repeatedly. In the past, investigators were forced to restrict attention to special classes of LDV models that are computationally manageable. The simulation estimation methods we discuss here make it possible to estimate LDV models that are computationally intractable using classical estimation methods. The chapter first reviews the ways in which LDV models arise, describing the differences and similarities in censored and truncated data generating processes. Censoring and truncation give rise to the troublesome multivariate integrals. Following the LDV models, we described various simulation methods for evaluating such integrals. Naturally, censoring and truncation play roles in simulation as well. Finally, estimation methods that rely on simulation are described. The chapter also reviews three general approaches that combine estimation of LDV models and simulation: simulation of the log-likelihood function (MSL), simulation of moment functions (MSM), and simulation of the score (MSS). The MSS is a combination of ideas from MSL and MSM, treating the efficient score of the log-likelihood function as a moment function.
Joint Model for Perfect and Imperfect Substitute Goods Case: Application to Activity Time-Use Decisions
TL;DR: In this paper, a model for the joint analysis of the imperfect and perfect substitute goods case is proposed, which enables the modeling of choice situations where consumers choose multiple alternatives at the same time from a certain set of alternatives, but also choose only one alternative from among a subset of alternatives.
References
More filters
Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
Journal Article
Modeling the choice of residential location
TL;DR: The problem of translating the theory of economic choice behavior into concrete models suitable for analyzing housing location and methods for controlling the size of data collection and estimation tasks by sampling alternatives from the full set of alternatives are discussed.
Journal ArticleDOI
An Econometric Analysis of Residential Electric Appliance Holdings and Consumption
Jeffrey A. Dubin,Daniel McFadden +1 more
TL;DR: In this paper, the authors used a subsample of the 1975 survey of 3249 households carried out by the Washington Center for Metropolitan Studies (WCMS) for the Federal Energy Administration for the purpose of testing the statistical exogeneity of appliance dummy variables typically included in demand for electricity equations.
Journal ArticleDOI
Urban travel demand - a behavioral analysis
T A Domencich,Daniel McFadden +1 more
TL;DR: In this paper, the authors integrate economic concepts of supply and demand equilibrium for urban activities using the concept of traffic equilibrium within transportation networks and describe the cutting edge in travel demand analysis using the latest methods.