Easy and flexible mixture distributions

Mogens Fosgerau and Stefan Mabit

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Mixture distributions; mixed logit; simulation; maximum simulated likelihood (search for similar items in EconPapers)
JEL-codes: C14 C15 C25 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-dcm and nep-ecm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/46078/1/MPRA_paper_46078.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/49147/1/MPRA_paper_46078.pdf revised version (application/pdf)

Related works:
Journal Article: Easy and flexible mixture distributions (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:46078

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().