“…In the literature, the PFE is one of the most studied and widely used demand estimators. A considerable amount of work has been done to evaluate the quality of its demand estimation (Chootinan and Chen 2011), address data inconsistencies Recker 2005, 2009;Chen, Ryu, and Chootinan 2010), and improve its computational efficiency Tang and Zhang 2013;Li 2015b). Many other works (e.g., Lam and Xu 1999;Lee et al 2006;Chen et al 2012;Sarawut, Anthony, and Ryu 2012;Li, Baik, and Trani 2013) are also closely related to the PFE.…”