Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity

Steffen Andersen, Glenn Harrison, Arne Hole and Elisabet Rutstrom

No 06-2009, Working Papers from Copenhagen Business School, Department of Economics

Abstract: Experimental data exhibit considerable individual heterogeneity. We review the econometric methods employed to characterize that heterogeneity. We pay particular attention to the trade-off between collecting and allowing for observable characteristics, such as the familiar demographics, and the use of statistical methods to allow for unobserved individual heterogeneity. We demonstrate that these tools are complementary.

Keywords: econometrics; demography (search for similar items in EconPapers)
JEL-codes: C01 J11 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2009-06-01
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Citations: View citations in EconPapers (7)

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