Efficiency Gains in Rank‐ordered Multinomial Logit Models

B-Tier
Journal: Oxford Bulletin of Economics and Statistics
Year: 2018
Volume: 80
Issue: 1
Pages: 122-134

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper considers estimation of discrete choice models when agents report their ranking of the alternatives (or some of them) rather than just the utility maximizing alternative. We investigate the parametric conditional rank‐ordered Logit model. We show that conditions for identification do not change even if we observe ranking. Moreover, we fill a gap in the literature and show analytically and by Monte Carlo simulations that efficiency increases as we use additional information on the ranking.

Technical Details

RePEc Handle
repec:bla:obuest:v:80:y:2018:i:1:p:122-134
Journal Field
General
Author Count
2
Added to Database
2026-01-24