To access the full text documents, please follow this link: http://hdl.handle.net/2445/116970
| dc.contributor.author | Schmidheiny, Kurt |
|---|---|
| dc.contributor.author | Brülhart, Marius |
| dc.date | 2017-10-24T06:33:35Z |
| dc.date | 2017-10-24T06:33:35Z |
| dc.date | 2009 |
| dc.identifier | http://hdl.handle.net/2445/116970 |
| dc.identifier.uri | http://hdl.handle.net/2445/116970 |
| dc.description | 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. |
| dc.format | 25 p. |
| dc.format | application/pdf |
| dc.language | eng |
| dc.publisher | Institut d’Economia de Barcelona |
| dc.relation | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
| dc.relation | IEB Working Paper 2009/14 |
| dc.relation | [WP E-IEB09/14] |
| dc.rights | cc-by-nc-nd, (c) Schmidheiny et al., 2009 |
| dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
| dc.rights | info:eu-repo/semantics/openAccess |
| dc.subject | Localització industrial |
| dc.subject | Empirisme |
| dc.subject | Anàlisi de regressió |
| dc.subject | Industrial location |
| dc.subject | Empiricism |
| dc.subject | Regression analysis |
| dc.title | On the equivalence of location choice models: conditional logit, nested logit and poisson |
| dc.type | info:eu-repo/semantics/workingPaper |
Related documents
Other documents of the same author
Brülhart, Marius; Jametti, Mario; Schmidheiny, Kurt
Brülhart, Marius; Schmidheiny, Kurt
Eeckhout, Jan; Pinheiro, Roberto; Schmidheiny, Kurt