An Ordered Generalised Extreme Value Model with Application to Alcohol Consumption in Australia
MetadataShow full item record
An Ordered Generalised Extreme Value (OGEV) model by Small (1987) is proposed for application to ordered discrete choice data. Relative to conventional Ordered Probit/Logit (OP/OL) and Multinomial Logit (MNL) models, the OGEV model is flexible, is defined by random utility maximization, and allows for correlation across choices via unobservable individual characteristics according to locations of the choices in the ordering. The OGEV model is applied to unit record data from Australia to study the impacts of prices, income and demographic characteristics on levels of alcohol consumption. Model selection analysis suggests that OGEV is preferred to both OP and MNL for the application.
Showing items related by title, author, creator and subject.
Development of an analytical solution for the parallel second order reaction scheme for chlorine decay modellingJabari Kohpaei, Ahmad (2010)Chlorine is broadly used for water disinfection at the final stage of water treatment because of its high performance to inactivate pathogenic microorganisms, its lower cost compared to other well-known disinfectants and ...
Lawrence, Shane Michael (2011)Multiferroic materials have recently begun to attract significant scientific interest due to their potential applications in the design of modern electronic devices. Currently, the magnetic properties of materials form ...
Amiri, Amirpiran (2013)The alumina industry provides the feedstock for aluminium metal production and contributes to around A$6 billion of Australian exports annually. One of the most energy-intensive parts of alumina production, with a strong ...