Abstract
In recent years, major advances have taken place in three areas of random utility modeling: (1) semiparametric estimation, (2) computational methods for multinomial probit models, and (3) computational methods for Bayesian estimation. This paper summarizes these developments and discusses their implications for practice.
Original language | English (US) |
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Pages (from-to) | 311-322 |
Number of pages | 12 |
Journal | Marketing Letters |
Volume | 5 |
Issue number | 4 |
DOIs | |
State | Published - Oct 1994 |
Keywords
- Bayesian estimation
- multinomial probit
- semiparametric estimation
- simulation
ASJC Scopus subject areas
- Business and International Management
- Economics and Econometrics
- Marketing