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Forecasting new product penetration with flexible substitution patterns

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  • Brownstone, David
  • Train, Kenneth
Abstract
We describe and apply choice models, including generalizations of logit called mixed logits, that do not exhibit the restrictive independence from irrelevant alternatives property and can approximate any substitution pattern. The models are estimated on data from a stated-preference survey that elicited customers preferences among gas, electric, methanol, and CNG vehicles with various attributes.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Brownstone, David & Train, Kenneth, 1998. "Forecasting new product penetration with flexible substitution patterns," Journal of Econometrics, Elsevier, vol. 89(1-2), pages 109-129, November.
    • Handle: RePEc:eee:econom:v:89:y:1998:i:1-2:p:109-129
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    10. Kenneth E. Train, 1998. "Recreation Demand Models with Taste Differences over People," Land Economics, University of Wisconsin Press, vol. 74(2), pages 230-239.
    11. Brownstone, David & Bunch, David S & Golob, Thomas F & Ren, Weiping, 1996. "A Transactions Choice Model for Forecasting Demand for Alternative-Fuel Vehicles," University of California Transportation Center, Working Papers qt3sm7w9zk, University of California Transportation Center.
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