A microeconomic interpretation of the maximum entropy estimator of multinomial logit models and its equivalence to the maximum likelihood estimator

DOI10.3390/E12102077MaRDI QIDQ657492zbMATH OpenOpenAlexFDO

Authors Pedro Donoso, Louis De Grange

Publication date 9 January 2012

Published in Entropy (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3390/e12102077

zbMATH Keywords

maximum likelihooddualitymaximum entropylogit multinomial

Mathematics Subject Classification ID

Statistical aspects of information-theoretic topics (62B10) Point estimation (62F10) Applications of statistics to economics (62P20) Generalized linear models (logistic models) (62J12)

Recommendations

• A maximum entropy estimator for the aggregate hierarchical logit model
• scientific article; zbMATH DE number 1873231
• An entropy model for marketing structure analysis and price decision of new brand
• On the compatibility of nested logit models with utility maximization
• A Maximum Entropy Approach to Recovering Information From Multinomial Response Data

Cites work

• scientific article; zbMATH DE number 1149889 (Why is no real title available?)
• Formulation and estimation of combined network equilibrium models with applications to Stockholm
• Information Theoretic Approaches to Inference in Moment Condition Models
• Information and entropy econometrics -- editor's view.
• Information indices: Unification and applications.
• Linearly-Constrained Entropy Maximization Problem with Quadratic Cost and Its Applications to Transportation Planning Problems
• Network Equilibrium Models with Combined Modes

Cited in

(5)

• An improved Stirling approximation for trip distribution models
• A maximum entropy fixed-point route choice model for route correlation
• A maximum entropy estimator for the aggregate hierarchical logit model
• A logit model with endogenous explanatory variables and network externalities
• Marginal-sum and maximum-likelihood estimation in a multiplicative tariff

This page was built for publication: A microeconomic interpretation of the maximum entropy estimator of multinomial logit models and its equivalence to the maximum likelihood estimator

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q657492)