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Tests for the consistency of three-level nested logit models with utility maximization
journal contributionposted on 30.05.2006, 11:40 by Maria 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.
- Business and Economics