Analysis of Stated Consumer Preferences Using Multinomial Logit Models and Discretechoice R Package

Andrzej Bąk , Tomasz Bartłomowicz

Abstract

The purpose of the article is to analyze consumer preferences using the selected multinomial logit models consisting of unordered categories. These models are included in the area of microeconometrics and are applied to analyze stated consumer preferences following the approach based on choices and random utility theory. The conducted empirical research was based on the authors’ DiscreteChoice package developed for CRAN R project. The package implements a multinomial, conditional and mixed logit models as well as the functions which can be applied in the discrete choice method for the construction of an experiment, e.g., for a fractional factorial design development, option set coding and model parameter estimation.
Author Andrzej Bąk (E&F / DEaCS)
Andrzej Bąk,,
- Department of Econometrics and Computer Science
, Tomasz Bartłomowicz (E&F / DEaCS)
Tomasz Bartłomowicz,,
- Department of Econometrics and Computer Science
Pages8888-8901
Publication size in sheets0.65
Book Soliman Khalid S. (eds.): Education Excellence and Innovation Management: A 2025 Vision to Sustain Economic Development during Global Challenges, 2020, International Business Information Management Association (IBIMA), ISBN 9780999855141
Keywords in EnglishConsumer Preferences, Discrete Choices, Microeconometrics, Multinomial Logit Models, R Program
Languageen angielski
File
Bak_Bartlomowicz_Analysis_Of_Stated_Consumer_Preferences.pdf 179,56 KB
Score (nominal)70
Score sourceconferenceList
Citation count*
Additional fields
UwagaThe project is financed by the Ministry of Science and Higher Education in Poland under the programme "Regional Initiative of Excellence" 2019-2022 project number 015/RID/2018/19 total funding amount 10 721 040,00 PLN.
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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