Testing the Consistency of Nested Logit Models with Utility Maximization

This paper provides simple necessary conditions for testing the local consistency of nested logit models with stochastic utility maximization. A graphical analysis illustrates the extent to which these conditions extend the range of admissible dissimilarity coefficients beyond the unit interval.

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Year of publication:	1996-01-01
Authors:	Herriges, Joseph A. ; Kling, Catherine L.
Institutions:	Department of Economics, Iowa State University

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Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters 1996, vol. 50, pp. 33-39
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005442065