Munich Personal RePEc Archive

Easy and flexible mixture distributions

Fosgerau, Mogens and Mabit, Stefan (2013): Easy and flexible mixture distributions. Published in: Economics Letters , Vol. 120, No. 2 (2013): pp. 206-210.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_46078.pdf

Download (269kB) | Preview

Abstract

We propose a method to generate flexible mixture distributions that are useful for estimating models such as the mixed logit model using simulation. The method is easy to implement, yet it can approximate essentially any mixture distribution. We test it with good results in a simulation study and on real data.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.