Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059809 | Economics Letters | 2013 | 5 Pages |
Abstract
We propose a method to generate flexible mixture distributions that are useful for estimating models such as the mixed logit model using simulation. The method is easy to implement, yet it can approximate essentially any mixture distribution. We test it with good results in a simulation study and on real data.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mogens Fosgerau, Stefan L. Mabit,