Multichoice logit: Modeling incomplete preference rankings of classical concerts

Author(s): Stam, P., vanPraag, B.

Journal/Book: J Bus Econ Stat. 1999; 17: 1429 Duke St, Alexandria, VA 22314, USA. Amer Statistical Assoc. 117-128.

Abstract: In this article we 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.

Note: Article van Ophem H, Univ Amsterdam, Inst Actuarial Sci & Econometr, NL-1011 WB Amsterdam, NETHERLANDS

Keyword(s): demand for classical music; heterogeneity; logit models; stated preferences

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