Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 10, 2019 erstellt
Beschreibung:
This paper describes Stata command lclogit2, an enhanced version of lclogit (Pacifico and Yoo, 2013). Like its predecessor, lclogit2 uses the Expectation-Maximization (EM) algorithm to estimate latent class conditional logit (LCL) models. But it executes the EM algorithm's core algebraic operations in Mata, and runs considerably faster as a result. It also allows linear constraints on parameters to be imposed in a more convenient and flexible manner. It comes with parallel command lclogitml2, a new standalone program that uses gradient-based algorithms to estimate LCL models. Both lclogit2 and lclogitml2 are supported by a new postestimation tool, lclogitwtp2, that evaluates willingness-to-pay measures implied by estimated LCL models