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About Calibration and Test A Discrete Choice Model With Endogenous Choice Sets
This document discusses a study that estimates and tests a discrete choice model where the choice set is endogenous, or determined by the decision maker's preferences. The model is based on prior work by Horowitz. New methods are introduced to compute choice probabilities and estimate model parameters. The model and methods are tested using simulations and an empirical application examining college choice among high school seniors. The results suggest ignoring endogenous choice sets can impact choice modeling applications.
Detailed Information
| Author: | ['joemar'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 24 |
| Language: | English |
| Format: | |
| Price: | FREE |
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