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dc.contributor.authorSchmidheiny, Kurten_US
dc.contributor.authorBrülhart, Mariusen_US
dc.date.accessioned2009-09-01en_US
dc.date.accessioned2010-05-14T08:24:08Z-
dc.date.available2010-05-14T08:24:08Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30694-
dc.description.abstractIt 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.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2726en_US
dc.subject.jelC25en_US
dc.subject.jelR30en_US
dc.subject.jelH73en_US
dc.subject.ddc330en_US
dc.subject.keywordfirm locationen_US
dc.subject.keywordresidential choiceen_US
dc.subject.keywordconditional logiten_US
dc.subject.keywordnested logiten_US
dc.subject.keywordPoisson count modelen_US
dc.subject.stwStandortwahlen_US
dc.subject.stwBetriebliche Standortwahlen_US
dc.subject.stwWohnstandorten_US
dc.subject.stwLogit-Modellen_US
dc.subject.stwZähldatenmodellen_US
dc.subject.stwTheorieen_US
dc.titleOn the equivalence of location choice models : conditional logit, nested logit and poissonen_US
dc.typeWorking Paperen_US
dc.identifier.ppn607962585en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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