The logit-mixed logit (LML) model is a very recent advancement in semiparametric discrete choice models. LML represents the mixing distribution of a logit kernel as a sieve function (polynomials, step…
The logit-mixed logit (LML) model, which allows the analyst to semi-parametrically specify the mixing distribution of preference heterogeneity, is a very recent advancement in logit-type choice models. In…
This paper analyzes hybrid emissions trading systems (ETSs)under partitioned environmental regulation when firms' abatement costs and future emissions are uncertain. We show that hybrid policies that…