Differences Between Classical and Bayesian Estimates for Mixed Logit Models: A Replication Study

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

  • Ossama Elshiewy
  • German Zenetti
  • Yasemin Boztug

The mixed logit model is widely used in applied econometrics. Researchers typically rely on the free choice between the classical and Bayesian estimation approach. However, empirical evidence of the similarity of their parameter estimates is sparse. The presumed similarity is mainly based on one empirical study that analyzes a single dataset (Huber J, Train KE. 2001. On the similarity of classical and Bayesian estimates of individual mean partworths. Marketing Letters12(3): 259–269). Our replication study offers a generalization of their results by comparing classical and Bayesian parameter estimates from six additional datasets and specifically for panel versus cross-sectional data. In general, our results suggest that the two methods provide similar results, with less similarity for cross-sectional data than for panel data.

OriginalspracheEnglisch
ZeitschriftJournal of Applied Econometrics
Jahrgang32
Ausgabenummer2
Seiten (von - bis)470-476
Anzahl der Seiten7
ISSN0883-7252
DOIs
PublikationsstatusErschienen - 01.03.2017
Extern publiziertJa

DOI

Zuletzt angesehen

Publikationen

  1. Partitioned beta diversity patterns of plants across sharp and distinct boundaries of quartz habitat islands
  2. Multilingual disambiguation of named entities using linked data
  3. Topic selection and development in learner-native speaker voice-based telecollaborative discourse
  4. Collaborative open science as a way to reproducibility and new insights in primate cognition research
  5. Using a Seminorm for Wavelet Denoising of sEMG Signals for Monitoring during Rehabilitation with Embedded Orthosis System
  6. Action rate models for predicting actions in soccer
  7. Modeling and simulation of the heterogenous material behavior in thermal-sprayed coatings
  8. State of the Art of Handling and Storage Systems on Container Terminals
  9. Introduction to the U.S. Foreign Corrupt Practices Act in German
  10. Why a Systematic Investigation of Production Planning and Control Procedures is Needed for the Target-oriented Configuration of PPC
  11. The Role of Public Participation in Managing Uncertainty in the Implementation of the Water Framework Directive
  12. Modeling of 3D fluid-structure-interaction during in-situ hybridization of double-curved fiber-metal-laminates
  13. An Adaptive Two-Stage Observer in the Control of a New Electromagnetic Valve Actuator for Camless Internal Combustion Engines
  14. Avoiding irreversible change
  15. Study of hot forging behavior of as-cast Mg-3Al-1Zn-2Ca alloy towards optimization of its hot workability
  16. A Theory-Based Teaching Concept To Embed Sustainability In The Engineering Curriculum
  17. Effects of budget constraints on conservation network design for biodiversity and ecosystem services
  18. Halb voll oder halb leer?
  19. A transfer operator based numerical investigation of coherent structures in three-dimensional Southern ocean circulation
  20. Time use and time budgets
  21. Illegal Migration in Postfordism
  22. To Row Together or Paddle One's Own Canoe? Simulating Strategies to Spur Digital Platform Growth
  23. Law-making in complex processes
  24. The "All-in-One Module" on Native North America
  25. Quality and time-related indicators in inceptive plans
  26. Modernization
  27. From Adaptive to Specific
  28. Deciphering Sustainable Consumption: Understanding Motives and Heuristic Cues in the Context of Personal Care Products