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dc.contributor.authorFry, T.R.L.
dc.contributor.authorHarris, Mark
dc.date.accessioned2020-11-26T07:35:23Z
dc.date.available2020-11-26T07:35:23Z
dc.date.issued1996
dc.identifier.citationFry, T.R.L. and Harris, M.N. 1996. A Monte Carlo Study of Tests for the Independence of Irrelevant Alternatives Property. Transportation Research Part B: Methodological. 30 (1): pp. 19-30.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/81820
dc.identifier.doi10.1016/0191-2615(95)00019-4
dc.description.abstract

A plethora of tests for the Independence of Irrelevant Alternatives (HA) property of Logit models of discrete choice behavior has been proposed in the literature. These tests are based upon asymptotic arguments and little is known about their size and power properties in finite samples. This paper uses a Monte Carlo simulation study to investigate the size and power properties of six tests for IIA in the multinomial Logit model. Our results show that the majority of tests based upon partitioning the choice set appear to have very poor size and power properties in small samples. Tests for IIA based upon the DOGIT model, similarly have poor size properties, but in some circumstances do have reasonable power properties.

dc.languageEnglish
dc.publisherElsevier Ltd
dc.subjectSocial Sciences
dc.subjectScience & Technology
dc.subjectTechnology
dc.subjectEconomics
dc.subjectEngineering, Civil
dc.subjectOperations Research & Management Science
dc.subjectTransportation
dc.subjectTransportation Science & Technology
dc.subjectBusiness & Economics
dc.subjectEngineering
dc.subjectMULTINOMIAL LOGIT MODEL
dc.subjectSPECIFICATION TESTS
dc.titleA Monte Carlo Study of Tests for the Independence of Irrelevant Alternatives Property
dc.typeJournal Article
dcterms.source.volume30
dcterms.source.number1
dcterms.source.startPage19
dcterms.source.endPage30
dcterms.source.issn0191-2615
dcterms.source.titleTransportation Research Part B: Methodological
dcterms.source.placeUnited Kingdom
dc.date.updated2020-11-26T07:35:23Z
curtin.departmentSchool of Economics, Finance and Property
curtin.accessStatusFulltext not available
curtin.facultyFaculty of Business and Law
curtin.contributor.orcidHarris, Mark [0000-0002-1804-4357]
curtin.contributor.scopusauthoridHarris, Mark [35561581200] [55310794400]


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