Logit Mixed Logit Under Asymmetry and Multimodality of WTP: A Monte Carlo EvaluationJEL codes

Scarpa, R; Franceschinis, C; Thiene, M

Scarpa, R (corresponding author), Univ Durham, Econ, Business Sch, Durham, England.; Scarpa, R (corresponding author), Waikato Management Sch, Environm Econ, Hamilton, New Zealand.; Scarpa, R (corresponding author), Univ Verona, Agr Econ, Verona, Italy.

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 2021; 103 (2): 643

Abstract

The logit-mixed logit (LML) model advances choice modeling by generalizing previous parametric and semi-nonparametric specifications and allowing retr......

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