Discrete Choice Models: Theory and Applications in Economics and Marketing

• We are mainly using the paper : MISRA, Sanjog. Generalized reverse discrete choice models. Quantitative Marketing and Economics, 2005, vol. 3, no 2, p. 175-200.
• The data were originally in JAIN, Dipak C., VILCASSIM, Naufel J., et CHINTAGUNTA, Pradeep K. A random-coefficients logit brand-choice model applied to panel data. Journal of Business & Economic Statistics, 1994, vol. 12, no 3, p. 317-328.
• Another paper using a part of tht data and treating the prices in exogenous manner is ANDERSON, Simon P. et de PALMA, André Product diversity in asymmetric oligopoly: is the quality of consumer goods too low?. The Journal of Industrial Economics, 2001, vol. 49, no 2, p. 113-135..
• Describe the data used in MISRA (2005, Sections 5.1 and 5.2).
• The data are available in some R Packages (Google it).
• Produce Table 1. Summary statistics for Cracker and Yogurt data.
• Explain Section 3.1. The random utility maximization framework.
• Provide the formulas for the celebrated mulinomial logit model. The following relate paper may help: ANDERSON, Simon P. et DE PALMA, André. Reverse discrete choice models. Regional Science and Urban Economics, 1999, vol. 29, no 6, p. 745-764.