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Title:

Efficiently Estimating Nested Logit Models with Choice-Based Samples: Example Applications
Cover of Efficiently Estimating Nested Logit Models with Choice-Based Samples: Example Applications

Accession Number:

01015547

Record Type:

Component

Availability:

Transportation Research Board Business Office

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Washington, DC 20001 United States
Order URL: http://www.trb.org/Main/Public/Blurbs/157120.aspx

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Order URL: http://worldcat.org/isbn/0309093953

Abstract:

Choice-based samples oversample infrequently chosen alternatives to obtain an effective representation of the behavior of people who select these alternatives. However, the use of choice-based samples requires recognition of the sampling process in formulating the estimation procedure. In general, this procedure can be accomplished by applying weights to the observed choices in the estimation process. Unfortunately, the use of such weighted estimation procedures for choice models does not yield efficient estimators. However, for the special case of the multinomial logit model with a full set of alternative-specific constants, the standard maximum likelihood estimator—which is efficient—can be used with adjustment of the alternative-specific constants. The same maximum likelihood estimator can also be used with adjustment to estimate nested logit models with choice-based samples. The proof of this property is qualitatively described, and examples demonstrate how to apply the adjustment procedure.

Monograph Title:

Travel Demand 2005

Monograph Accession #:

01015546

Language:

English

Authors:

Koppelman, Frank S
Garrow, Laurie A

Pagination:

pp 63-69

Publication Date:

2005

Serial:

Transportation Research Record: Journal of the Transportation Research Board

Issue Number: 1921
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

0309093953

Media Type:

Print

Features:

Figures (2) ; References (14) ; Tables (5)

Subject Areas:

Highways; Planning and Forecasting; I72: Traffic and Transport Planning

Files:

TRIS, TRB, ATRI

Created Date:

Jan 18 2006 3:19PM

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