Dynamic Random Utility Modeling: A Monte Carlo Analysis
Dynamic Random Utility Modeling: A Monte Carlo Analysis
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动态随机效用建模:蒙特卡罗分析
DOI:
10.1111/j.1467-8276.2006.00900.x
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发表时间:
2006
期刊:
影响因子:
--
通讯作者:
K. Schnier
中科院分区:
文献类型:
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作者:
R. Hicks;K. Schnier
Applied studies of commercial fishing have largely ignored the intertemporal aspects of repeated site choices. For many fisheries, fishermen might choose a dynamically optimal cruise trajectory rather than myopic day-to-day strategies and a model that ignores these considerations will likely lead to biased parameter estimates and poor policy guidance. A dynamic random utility model is developed that utilizes the same information as static site-choice models but is entrenched in the principles of dynamic optimization. Using Monte Carlo analysis, we evaluate the performance of this estimator as compared to the static model for a variety of simulated fishery types.