Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/121797 
Autor:innen: 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Hohenheimer Agrarökonomische Arbeitsberichte No. 17
Verlag: 
Universität Hohenheim, Institut für Agrarpolitik und Landwirtschaftliche Marktlehre, Stuttgart
Zusammenfassung: 
Modeling consumer choice in different areas has lead to an increase use of discrete choice models. Probit or Multinomial Logit Models are often the base of further empirical research of consumer choice. In some of these models the equations to solve have no closed-form expression. They include multi-dimensional integrals which can not be solved analytically. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and in their estimation results using data of consumer choice on grocery store formats.
Schlagwörter: 
simulation
mixed logit
halton sequence
JEL: 
C15
C25
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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