To study preferences, respondents to a survey are usually asked to select their most preferred option from a set. Preferences can be estimated more efficiently if respondents are asked to rank all ...
In this article, we provide a random utility-based derivation of the Dirichlet-multinomial regression and propose it as a convenient alternative for dealing with overdispersed multinomial data. We ...
Citations: Nevo, Aviv. 2000. A Practitioner's Guide to Estimation of Random-Coefficients Logit Models of Demand. Journal of Economics & Management Strategy. (4)513-548.