This paper proposes a specification test of the mixed logit models, by generalizing Hausman and McFaddens (1984) test. We generalize the test even further by considering a model developed by Berry, Levinsohn and Pakes (1995).
This paper proposes a specification test of the mixed logit models, by generalizing Hausman and McFaddens (1984) test. We generalize the test even further by considering a model developed by Berry, Levinsohn and Pakes (1995).