Schmidheiny, Kurt; Brülhart, Marius - Institut d'Economia de Barcelona (IEB), Facultat … - 2009
It is well understood that the two most popular empirical models of location choice-conditional logit and Poisson …'s gain is the other regions' loss. In contrast, the Poisson model implies a positive-sum economy, in which one region's gain … single outside option. The nested logit turns out to be a linear combination of the conditional logit and Poisson models …