Goeken, Nils; Kurz, Peter; Steiner, Winfried J. - In: Journal of Business Economics 95 (2025) 8-9, pp. 1141-1188
multinomial logit (NMNL) models, which explicitly allow for a representation of different degrees of similarity between subsets of … unrealistic proportional substitution pattern among alternatives. The IIA property can also be addressed by applying nested …