A Proportional Random Utility Approach to Qualitative Response Models
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.
Journal of Business and Economic Statistics
American Statistical Association
TSE, Yiu Kuen.
A Proportional Random Utility Approach to Qualitative Response Models. (1989). Journal of Business and Economic Statistics. 7, (1), 61-68. Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/350
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