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Multichoice Logit: Modeling Incomplete Preference Rankings of Classical Concerts

Author

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  • van Ophem, Hans
  • Stam, Piet
  • Van Praag, Bernard M S

Abstract

In this article, the authors develop an econometric model to analyze data on incomplete information on preferences. The available information consists of groups of alternatives that are preferred to other groups of alternatives. Only for the most preferred group is a full ranking observed. The resulting model is estimated on data concerning preferences on classical concerts.

Suggested Citation

  • van Ophem, Hans & Stam, Piet & Van Praag, Bernard M S, 1999. "Multichoice Logit: Modeling Incomplete Preference Rankings of Classical Concerts," Journal of Business & Economic Statistics, American Statistical Association, vol. 17(1), pages 117-128, January.
    • Handle: RePEc:bes:jnlbes:v:17:y:1999:i:1:p:117-28
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    Cited by:

    1. Ada Ferrer-i-Carbonell & Bernard M.S. Van Praag & Ioannis Theodossiou, 2011. "Vignette Equivalence and Response Consistency; The Case of Job Satisfaction," Tinbergen Institute Discussion Papers 11-167/3, Tinbergen Institute.
    2. Delle Site, Paolo & Kilani, Karim & Gatta, Valerio & Marcucci, Edoardo & de Palma, André, 2019. "Estimation of consistent Logit and Probit models using best, worst and best–worst choices," Transportation Research Part B: Methodological, Elsevier, vol. 128(C), pages 87-106.
    3. Paolo Delle Site & Karim Kilani & Valerio Gatta & Edoardo Marcucci & André de Palma, 2018. "Estimation of Logit and Probit models using best, worst and best-worst choices," Working Papers hal-01953581, HAL.
    4. Sha Yang & Gerg M. Allenby & Geraldine Fennel, 2002. "Modeling Variation in Brand Preference: The Roles of Objective Environment and Motivating Conditions," Marketing Science, INFORMS, vol. 21(1), pages 14-31, May.
    5. Dennis Fok & Richard Paap & Bram Van Dijk, 2012. "A Rank‐Ordered Logit Model With Unobserved Heterogeneity In Ranking Capabilities," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 27(5), pages 831-846, August.
    6. Marco A. Palma, 2017. "Improving the prediction of ranking data," Empirical Economics, Springer, vol. 53(4), pages 1681-1710, December.
    7. Bernard van den Berg & Ada Ferrer‐i‐Carbonell, 2007. "Monetary valuation of informal care: the well‐being valuation method," Health Economics, John Wiley & Sons, Ltd., vol. 16(11), pages 1227-1244, November.
    8. van den Berg, Bernard & Al, Maiwenn & Brouwer, Werner & van Exel, Job & Koopmanschap, Marc, 2005. "Economic valuation of informal care: The conjoint measurement method applied to informal caregiving," Social Science & Medicine, Elsevier, vol. 61(6), pages 1342-1355, September.
    9. Sándor, Z. & Franses, Ph.H.B.F., 2004. "Experimental investigation of consumer price evaluations," Econometric Institute Research Papers EI 2004-12, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.

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