We compare multinomial logit and mixed logit models for data on California households’ revealed and stated preferences for automobiles. The stated preference data elicited households’ preferences among gas, electric, methanol, and CNG vehicles with various attributes. The mixed logit models provide a much better fit to these data, and forecasting exercises demonstrate substantial differences be...

In this paper we study the tail probability of discounted aggregate claims in a continuous-time renewal model. For the case that the common claim-size distribution is subexponential, we obtain an asymptotic formula, which holds uniformly for all time horizons within a finite interval. Then, with some additional mild assumptions on the distributions of the claim sizes and inter-arrival times, we...

Wei Sheng ZENG Shou Zheng TANG Zeng, Wei Sheng. Academy of Forest Inventory and Planning , State Forestry Administration, #18 Hepingli East Street, East District, Beijing 100714, China. E-mail address: [email protected]. Tang, Shou Zheng. Institute of Forest Resources Information, Chinese Academy of Forestry, #1 Dongxiaofu, Xiangshan Street, Haidian District, Beijing 100091, China. E-mail a...