Tests for the consistency of three-level nested logit models with utility maximization
journal contribution
posted on 2006-05-30, 11:40authored byMaria Jose Gil-Molto, Arne Risa Hole
This paper provides necessary conditions for testing the local consistency of three-level nested logit models with randomutilitymaximization.We find that for a modelwith 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.
History
School
Business and Economics
Department
Economics
Pages
188585 bytes
Citation
GIL-MOLTO, M.J. and HOLE, A.R., 2004. Tests for the consistency of three-level nested logit models with utility maximization. Economics Letters, 52, pp.133-137.