Tests for the consistency of three-level nested logit models with utility maximization.

This paper provides necessary conditions for testing the local consistency of three-level nested logit models with random utility maximization. We find that for a model with two sub-nests per nest the conditions can lead to a substantial increase in the range of acceptable dissimilarity parameters, irrespective of the number of alternatives per sub-nest.

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Year of publication:	2003-12-04
Authors:	Gil-Moltó, María José ; Hole, Arne Risa
Institutions:	EconWPA
Subject:	Nested logit \| Discrete choice \| Random utility maximization

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Extent:	application/pdf
Series:	Econometrics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - ; prepared on WinXP; to print on LaserJet IIIp; pages: 13 13 pages
Classification:	C25 - Discrete Regression and Qualitative Choice Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005556267