Easy and flexible mixture distributions

Mogens Fosgerau, Stefan L. Mabit

    Research output: Contribution to journalJournal articleResearchpeer-review

    Abstract

    We propose a method to generate flexible mixture distributions that are useful for estimating models such as the mixed logit model using simulation. The method is easy to implement, yet it can approximate essentially any mixture distribution. We test it with good results in a simulation study and on real data.
    Original languageEnglish
    JournalEconomics Letters
    Volume120
    Issue number2
    Pages (from-to)206-210
    ISSN0165-1765
    DOIs
    Publication statusPublished - Aug 2013

    Keywords

    • Mixture distributions
    • Mixed logit
    • Simulation
    • Maximum simulated likelihood

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