Sequential and Simultaneous Logit: A Nested Model.
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| Publication date | 1997 |
| Journal | Empirical Economics |
| Volume | Issue number | 22 |
| Pages (from-to) | 131-152 |
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| 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. |
| Document type | Article |
| Published at |
https://doi.org/10.1007/BF01188174
(Final published version)
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