one of the main challenges facing the agriculture bank of iran regarding lending loans is the high probability of default by farmers. several factors could be involved in this issue and should be considered in order to control and reduce the risk in the failure of repayment. this study aimed to examine the factors affecting the repayment performance of agricultural loans in the city of maragheh...

In this article we show how to implement merger simulation in Stata after estimating an aggregate nested logit demand system with a linear regression model. We also show how to implement merger simulation when the demand parameters are not estimated, but instead calibrated to be consistent with outside information on average price elasticities and pro…t margins.

This paper (and the large study behind it) was in some ways a labor of love. We set out to build a discrete choice model to predict recreational fishing behavior that would extend the literature along several dimensions. our interest in doing so stemmed from earlier work that we were individually or collectively involved in. hanemann’s dissertation (1978)1 suggested the power of the discrete ch...

This paper is the first to apply a nested logit model to measure the probabilities of speculative attacks and the probabilities of successful defenses by the central banks. This model allows us to predict not only the probability of speculative attacks but also the probability of successful defenses given attacks. Also, it provides a framework to analyze the degree to which different factors af...

We consider the assortment optimization problem under the classical two-level nested logit model. We establish a necessary and sufficient condition for the optimal assortment and develop a simple and fast greedy algorithm that iteratively removes at most one product from each nest to compute an optimal solution.

This study analyzes the role of logistical variables, competition characteristics and weather conditions in a decision model for flight operations by airlines. We demonstrate that a nested logit model is appropriate on both theoretical and empirical grounds. The sample consists of all flights on Fridays in January 2003. We find that there are positive and significant correlation between daily f...