A Proportional Random Utility Approach to Qualitative Response Models
Publication Type
Journal Article
Publication Date
1989
Abstract
A new functional form of the response probability for a qualitative response model is proposed. The new model is flexible enough to avoid the constraint of independence from irrelevant alternatives, which is perceived as a weakness of the multinomial logit model in some applications. It is computationally simpler than the multinomial probit model and is promising for analyzing problems with a moderate number of alternatives.
Discipline
Economics
Research Areas
Econometrics
Publication
Journal of Business and Economic Statistics
Volume
7
Issue
1
First Page
61
Last Page
68
ISSN
0735-0015
Identifier
10.2307/1391838
Publisher
American Statistical Association
Citation
TSE, Yiu Kuen.
A Proportional Random Utility Approach to Qualitative Response Models. (1989). Journal of Business and Economic Statistics. 7, (1), 61-68.
Available at: https://ink.library.smu.edu.sg/soe_research/350
Additional URL
https://doi.org/10.2307/1391838