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2007-08-01Buch DOI: 10.18452/4065
Estimation with the Nested Logit Model
dc.contributor.authorSilberhorn, Nadja
dc.contributor.authorBoztuğ, Yasemin
dc.contributor.authorHildebrandt, Lutz
dc.date.accessioned2017-06-15T23:30:00Z
dc.date.available2017-06-15T23:30:00Z
dc.date.created2007-08-31
dc.date.issued2007-08-01
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4717
dc.description.abstractEstimation with the Nested Logit Model: Specifications and Software Particularities Abstract: The paper discusses the nested logit model for choices between a set of mutually exclusive alternatives (e.g. brand choice, strategy decisions, modes of transportation, etc.). Due to the ability of the nested logit model to allow and account for similarities between pairs of alternatives, the model has become very popular for the empirical analysis of choice decisions. However the fact that there are two different specifications of the nested logit model (with different outcomes) has not received adequate attention. The utility maximization nested logit (UMNL) model and the non-normalized nested logit (NNNL) model have different properties, influencing the estimation results in a different manner. This paper introduces distinct specifications of the nested logit model and indicates particularities arising from model estimation. The effects of using various software packages on the estimation results of a nested logit model are shown using simulated data sets for an artificial decision situation.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectsimulation studyeng
dc.subjectnested logit modeleng
dc.subjectutility maximization nested logiteng
dc.subjectnonnormalized nested logiteng
dc.subject.ddc330 Wirtschaft
dc.titleEstimation with the Nested Logit Model
dc.typebook
dc.subtitleSpecifications and Software Particularities
dc.identifier.urnurn:nbn:de:kobv:11-10079456
dc.identifier.doihttp://dx.doi.org/10.18452/4065
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages34
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2007
local.edoc.container-issue46
local.edoc.container-year2007
local.edoc.container-erstkatid2195055-6

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