McCarthy, Patrick S.; Tay, Richard S. - In: Transportation Research Part E: Logistics and … 34 (1998) 1, pp. 39-51
Using data from a 1989 household survey of new vehicle buyers, this paper develops and estimates a nested logit model of new vehicle demands. In comparison with the more restrictive multinomial logit model, which assumes that the error terms are uncorrelated, the results support a nested...
