Pregibit: A Family of Discrete Choice Models The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests logit, approximately nests probit, loglog, cloglog and goss...

We examine three models for sample selection that are relevant for modeling credit scoring by commercial banks. A binary choice model is used to examine the decision of whether or not to extend credit. The selectivity aspect enters because such models are based on samples of individuals to whom credit has already been given. A regression model with sample selection is suggested for predicting e...

The increase of a new product’s sales is usually attributed to consumers becoming informed about the existence of the product. Advertising can accelerate this consumer awareness process. This paper evaluates this effect. I develop and estimate a structural model in which the consumer purchase decision is specified using a discrete choice model with variation in the choice set, according to the ...

Conventional wisdom suggests that urban revitalization can harm the poor, primarily by raising rents. It has also been argued that urban decline harms the poor by reducing job opportunities, the quality of local public services, and other neighborhood amenities. This seeming contradiction can be explained in a model incorporating moving costs and neighborhood quality change sufficiently large t...

This paper provides a different perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4672 Belgian firms observed between 2003 and 2010 that permits to distinguish the ‘ownership status’ of firms. He considers a dynamic discrete choic...

The main purpose of this study is to derive forest recreation demand in Jizerske Mountains Protected Landscape Area and to disentangle aesthetic factors that are responsible for changes in recreation utility of visitors. We estimate visitors’ preferences for alternative forest sites as a function of site characteristics using choice experiment technique. As forest scenic beauty may represent a ...

Illegal migration from Mexico into the United States has long led to discussions of the proper form of enforcement along the border. Past border enforcement expansion has targeted speci…c sectors rather than across the board budget increases. We assess the implications of this pattern by examining how Mexican immigrants have responded to sector-speci…c expansions in border enforcement. We estim...

This paper develops a reduced form method of controlling for differences in information sets of subjects in public good discrete choice models, using stated preference data. The main contribution of our method comes from accounting for the effect of information provided during a survey on the mean and the variance of individual-specific scale parameters. In this way we incorporate both scale he...

This chapter examines different models commonly used to model probabilistic choice, such as eg the choice of one type of transportation from among many choices available to the consumer. Section 1 discusses derivation and limitations of conditional logit models. Section 2 discusses probit models and Section 3 discusses the nested logit (generalized extreme value models), which address some of t...