On the Equivalence of Location Choice Models: Conditional Logit, Nested Logit and Poisson
Détails
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Etat: Supprimée
Version: Final published version
ID Serval
serval:BIB_005053025C86
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
On the Equivalence of Location Choice Models: Conditional Logit, Nested Logit and Poisson
Périodique
Journal of Urban Economics
ISSN
0094-1190
Statut éditorial
Publié
Date de publication
03/2011
Peer-reviewed
Oui
Volume
69
Numéro
2
Pages
214-222
Langue
anglais
Résumé
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.
Mots-clé
Firm location, Residential choice, Conditional logit, Nested logit, Poisson count model
Web of science
Création de la notice
07/10/2010 10:36
Dernière modification de la notice
20/08/2019 13:22