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On the equivalence of location choice models: Conditional logit, nested logit and Poisson
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 931155
Author(s) Schmidheiny, Kurt; Brülhart, Marius
Author(s) at UniBasel Schmidheiny, Kurt
Year 2011
Title On the equivalence of location choice models: Conditional logit, nested logit and Poisson
Journal Journal of Urban Economics
Volume 69
Number 2
Pages / Article-Number 214-222
Abstract 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. In contrast, the Poisson model implies a positive-sum economy, in which one region’s gain is no other region’s loss. We also show that all intermediate cases can be represented as a nested logit model with a single outside option. The nested logit turns out to be a linear combination of the conditional logit and Poisson models. Conditional logit and Poisson elasticities mark the polar cases and can therefore serve as boundary values in applied research.
Publisher Elsevier
ISSN/ISBN 0094-1190 ; 1095-9068
URL http://ac.els-cdn.com/S0094119010000689/1-s2.0-S0094119010000689-main.pdf?_tid=c1750986-1de2-11e7-8a65-00000aacb362&acdnat=1491824720_c549e02bbd907aa49412191cf293a93b
edoc-URL http://edoc.unibas.ch/46222/
Full Text on edoc No
Digital Object Identifier DOI 10.1016/j.jue.2010.09.004
ISI-Number WOS:000286702800005
Document type (ISI) Article
 
   

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