ON THE REPRESENTATION OF THE NESTED LOGIT MODEL

Alfred Galichon

doi:10.1017/S026646662000047X

ON THE REPRESENTATION OF THE NESTED LOGIT MODEL

Alfred Galichon

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English (US)
Pages (from-to)	370-380
Number of pages	11
Journal	Econometric Theory
Volume	38
Issue number	2
DOIs	https://doi.org/10.1017/S026646662000047X
State	Published - Apr 11 2022

ASJC Scopus subject areas

Social Sciences (miscellaneous)
Economics and Econometrics

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10.1017/S026646662000047X

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ON THE REPRESENTATION OF THE NESTED LOGIT MODEL

Abstract

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