Tests for the consistency of three-level nested logit models with utility maximization
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.
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|Date of creation:||15 Dec 2003|
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Staff General Research Papers
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