The Size and Power Properties of Combining Choice Set Participation Tests for the IIA Property in the Logit Model.

This paper conducts a Monte Carlo analysis of the size and power properties of combining choice set partition tests of the IIA property of the Logit model. On the basis of this comparison we recommend that applied researchers testing for IIA calculate all versions of the McFadden, Train and Tye (1981) test and reject IIA if any single test rejects IIA.

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Year of publication:	1995-02
Authors:	Brooks, Robert D. ; Fry, Tim R.L. ; Harris, Mark N.
Institutions:	Department of Econometrics and Business Statistics, Monash Business School
Subject:	Hypothesis tests \| Logit model \| IIA

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Series:	Monash Econometrics and Business Statistics Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Number 2/95 28 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005149034