ON THE REPRESENTATION OF THE NESTED LOGIT MODEL.
| Autor: | Galichon, Alfred |
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| Zdroj: | Econometric Theory; Apr2022, Vol. 38 Issue 2, p370-380, 11p |
| Abstrakt: | In this paper, we give a two-line proof of a long-standing conjecture of Ben-Akiva in his 1973 PhD thesis regarding the random utility representation of the nested logit model, thus providing a renewed and straightforward textbook treatment of that model. As an application, we provide a closed-form formula for the correlation between two Fréchet random variables coupled by a Gumbel copula. [ABSTRACT FROM AUTHOR] |
| Databáze: | Complementary Index |
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