dc.contributor.author | Mariel Chladkova, Petr ![ORCID](/themes/Mirage2//images/orcid_16x16.png) | |
dc.contributor.author | De Ayala Bilbao, Amaya ![ORCID](/themes/Mirage2//images/orcid_16x16.png) | |
dc.contributor.author | Hoyos Ramos, David ![ORCID](/themes/Mirage2//images/orcid_16x16.png) | |
dc.contributor.author | Abdullah, Sabah | |
dc.date.accessioned | 2024-01-26T15:47:01Z | |
dc.date.available | 2024-01-26T15:47:01Z | |
dc.date.issued | 2013-06-03 | |
dc.identifier.citation | Journal of Choice Modelling 7 : 44-57 (2013) | es_ES |
dc.identifier.issn | 1755-5345 | |
dc.identifier.uri | http://hdl.handle.net/10810/64382 | |
dc.description.abstract | This paper examines two tests commonly used to select random parameters in choice modelling: the Lagrange Multiplier (LM) test as proposed by McFadden and Train (2000) and the t-statistic of the deviation of the random parameter. A simulation exercise based on a real case study is carried out assuming cross-sectional data and two panel data settings. These data structures together with different distributional assumptions allow an examination of the empirical size and power of the two analysed tests. The key results indicate that the power of these tests depends on the data structure as well as on the spread and type of the parameter distribution. Furthermore, the LM test is the only one with empirical size not significantly different from the theoretical value. | es_ES |
dc.description.sponsorship | The authors would like to thank the two anonymous referees for their thoughtful and detailed reviews of this paper. The authors acknowledge financial support from the Department of the Environment of the Basque Government and from the Department of Education of the Basque Government through grant IT-334-07 (UPV/EHU Econometrics Research Group) as well as Universidad del País Vasco (UPV/EHU) under research grants UFI11/03, US12/09 and EHUA12/13. Amaya de Ayala is grateful to the financial support from the Basque Government through “Programa de ayudas para formación y perfeccionamiento del personal investigador”. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Elsevier | es_ES |
dc.rights | info:eu-repo/semantics/openAccess | es_ES |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | * |
dc.title | Selecting random parameters in discrete choice experiment for environmental valuation: A simulation experiment | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.rights.holder | © 2013 Elsevier under CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/) | es_ES |
dc.relation.publisherversion | https://www.sciencedirect.com/science/article/pii/S1755534513000146 | es_ES |
dc.identifier.doi | 10.1016/j.jocm.2013.04.008 | |
dc.departamentoes | Economía aplicada III (Econometría y Estadística) | es_ES |
dc.departamentoeu | Ekonomia aplikatua III (ekonometria eta estatistika) | es_ES |