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Title: Efficiently Estimating Nested Logit Models with Choice-Based Samples: Example Applications
Accession Number: 01015547
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available 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: Monograph Accession #: 01015546
Language: English
Authors: Koppelman, Frank SGarrow, Laurie APagination: pp 63-69
Publication Date: 2005
ISBN: 0309093953
Media Type: Print
Features: Figures
(2)
; References
(14)
; Tables
(5)
TRT Terms: Uncontrolled Terms: 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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