S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Department of Economics, Copenhagen Business School Working Paper Series, Department of Economics, Copenhagen Business School

No 04-2010:
Non-Linear Mixed Logit

Steffen Andersen (), Glenn W. Harrison, Arne Risa Hole and Elisabet E. Rutström

Abstract: We develop an extension of the familiar linear mixed logit model to allow for the direct estimation of parametric non-linear functions defined over structural parameters. A classic application is the estimation of coefficients of utility functions to characterize risk attitudes. There are several unexpected benefits of this extension, apart from the ability to directly estimate structural parameters of theoretical interest.

Keywords: utility functions; risk attitudes; utility theory; (follow links to similar papers)

JEL-Codes: C10; (follow links to similar papers)

19 pages, April 1, 2010

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

8171    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Lars Nondal ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:cbsnow:2010_004 This page was generated on 2014-12-14 19:21:52