UvA- Author
- Year
- 1997
- Title
- Sequential and Simultaneous Logit: A Nested Model.
- Journal
- Empirical Economics
- Volume
- 22
- Pages (from-to)
- 131-152
- Document type
- Article
- Faculty
- Faculty of Economics and Business (FEB)
- Institute
- Amsterdam School of Economics Research Institute (ASE-RI)
- Abstract
-
A nested model is presented which has both the sequential and the multinomial logit model as special cases. This model provides a simple test to investigate the validity of these specifications. Some theoretical properties of the model are discussed. In the analysis a distribution function is derived, which, to the best of our knowledge, has not been used before. This distribution is shown to be a generalization of the type I extreme value distribution. Monte Carlo experiments and empirical applications of the model are presented.
- URL
- go to publisher's site
- Language
- Undefined/Unknown
- Permalink
- http://hdl.handle.net/11245/1.134224
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