The random coefficients logit model is identified

The random coefficients multinomial choice logit model, also known as the mixed logit, has been widely used in empirical choice analysis for the last thirty years. We prove that the distribution of random coefficients in the multinomial logit model is nonparametrically identified. Our approach requi...

Full description

Bibliographic Details
Main Authors: Fox, Jeremy T. (Author), Kim, Kyoo il (Author), Ryan, Stephen P. (Contributor), Bajari, Patrick (Author)
Other Authors: Massachusetts Institute of Technology. Department of Economics (Contributor)
Format: Article
Language:English
Published: Elsevier, 2016-02-25T01:37:12Z.
Subjects:
Online Access:Get fulltext
LEADER 01222 am a22002053u 4500
001 101264
042 |a dc 
100 1 0 |a Fox, Jeremy T.  |e author 
100 1 0 |a Massachusetts Institute of Technology. Department of Economics  |e contributor 
100 1 0 |a Ryan, Stephen P.  |e contributor 
700 1 0 |a Kim, Kyoo il  |e author 
700 1 0 |a Ryan, Stephen P.  |e author 
700 1 0 |a Bajari, Patrick  |e author 
245 0 0 |a The random coefficients logit model is identified 
260 |b Elsevier,   |c 2016-02-25T01:37:12Z. 
856 |z Get fulltext  |u http://hdl.handle.net/1721.1/101264 
520 |a The random coefficients multinomial choice logit model, also known as the mixed logit, has been widely used in empirical choice analysis for the last thirty years. We prove that the distribution of random coefficients in the multinomial logit model is nonparametrically identified. Our approach requires variation in product characteristics only locally and does not rely on the special regressors with large supports used in related papers. One of our two identification arguments is constructive. Both approaches may be applied to other choice models with random coefficients. 
546 |a en_US 
655 7 |a Article 
773 |t Journal of Econometrics