On the equivalence of location choice models: Conditional logit, nested logit and Poisson

On the Equivalence of Location Choice Models: Conditional Logit, Nested Logit and Poisson

It is well understood that the two most popular empirical models of location choice conditional logit and Poisson return identical coefficient estimates when the regressors are not individual specific. We show that these two models differ starkly in terms of their implied predictions. The conditional logit model represents a zero-sum world, in which one region's gain is the other regions' loss....

TWO RUMs unCLOAKED: Nested-Logit Models of Site Choice and Nested-Logit Models of Participation and Site Choice

Nested logit is increasingly advocated as a tool of recreational demand and benefit estimation. The intent of this short monograph is to lay out, in a simple fashion, the theory behind the nested-logit model of site choice and the nested-logit model of participation and site choice. Rigorous but straightforward derivations of the properties of nested-logit models are provided, including the pro...

Probit and nested logit models based on fuzzy measure

Inspired by the interactive discrete choice logit models [Aggarwal, 2019], this paper presents the advanced families of discrete choice models, such as nested logit, mixed logit, and probit models to consider the interaction among the attributes. Besides the DM's attitudinal character is also taken into consideration in the computation of choice probabilities. The proposed choice models make us...

Conditional Logit Models

Relaxing the IIA Assumption in Locational Choice Models: A Comparison Between Conditional Logit, Mixed Logit, and Multinomial Probit Models∗

This paper estimates a locational choice model to assess the demand for local public services, using a data set where individuals chooses between 26 municipalities within a local labor market. We assess the importance of the IIA assumption by comparing the predictions of three difference models; the conditional logit (CL) model, the mixed logit (MXL) model, and the multinomial probit (MNP) mode...