Tests for the consistency of three-level nested logit models with utility maximization

María José Gil-Moltó and Arne Hole
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María José Gil-Moltó: University of St Andrews
Authors registered in the RePEc Author Service: Maria Jose Gil Molto

Econometrics from University Library of Munich, Germany

Abstract: This paper provides necessary conditions for testing the local consistency of three-level nested logit models with random utility maximization. We find that for a model with 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.

Keywords: Nested logit; Discrete choice; Random utility maximization (search for similar items in EconPapers)
JEL-codes: C25 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2003-12-04, Revised 2004-01-08
New Economics Papers: this item is included in nep-ecm
Note: Type of Document - ; prepared on WinXP; to print on LaserJet IIIp; pages: 13
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Citations: View citations in EconPapers (4)

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Journal Article: Tests for the consistency of three-level nested logit models with utility maximization (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpem:0312001

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