Does scale heterogeneity across individuals matter? An empirical assessment of alternative logit models
Abstract
There is growing interest in establishing a mechanism to account for scale heterogeneity across individuals (essentially the variance of a variance term or the standard deviation of utility over different choice situations), in addition to the more commonly identified taste heterogeneity in mixed logit models. A number of authors have recently proposed a model that recognizes the relationship between scale and taste heterogeneity, and...
Paper Details
Title
Does scale heterogeneity across individuals matter? An empirical assessment of alternative logit models
Published Date
Feb 17, 2010
Journal
Volume
37
Issue
3
Pages
413 - 428
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