ON THE REPRESENTATION OF THE NESTED LOGIT MODEL
نویسندگان
چکیده
We give a two-line proof of long-standing conjecture Ben-Akiva and Lerman (1985) regarding the random utility representation nested logit model, thus providing renewed straightforward textbook treatment that model. As an application, we provide closed-form formula for correlation between two Fr\'echet variables coupled by Gumbel copula.
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ژورنال
عنوان ژورنال: Econometric Theory
سال: 2021
ISSN: ['1469-4360', '0266-4666']
DOI: https://doi.org/10.1017/s026646662000047x