The benefits of incorporating utility dependencies in finite mixture probit models |
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| Authors: | Paetz Friederike Steiner Winfried J. |
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| Affiliation: | 1.Institute of Management and Economics, Clausthal University of Technology, Julius-Albert-Str. 2, 38678, Clausthal-Zellerfeld, Germany
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| Abstract: | OR Spectrum - We propose an application of a new finite mixture multinomial conditional probit (FM-MNCP) model that accommodates preference heterogeneity and explicitly accounts for utility... |
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