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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/30694
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Schmidheiny, Kurt | | en_US |
| dc.contributor.author | | Brülhart, Marius | | en_US |
| dc.date.accessioned | | 2009-09-01 | | en_US |
| dc.date.accessioned | | 2010-05-14T08:24:08Z | | - |
| dc.date.available | | 2010-05-14T08:24:08Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/30694 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper 2726 | | en_US |
| dc.subject.jel | | C25 | | en_US |
| dc.subject.jel | | R30 | | en_US |
| dc.subject.jel | | H73 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | firm location | | en_US |
| dc.subject.keyword | | residential choice | | en_US |
| dc.subject.keyword | | conditional logit | | en_US |
| dc.subject.keyword | | nested logit | | en_US |
| dc.subject.keyword | | Poisson count model | | en_US |
| dc.subject.stw | | Standortwahl | | en_US |
| dc.subject.stw | | Betriebliche Standortwahl | | en_US |
| dc.subject.stw | | Wohnstandort | | en_US |
| dc.subject.stw | | Logit-Modell | | en_US |
| dc.subject.stw | | Zähldatenmodell | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | On the equivalence of location choice models : conditional logit, nested logit and poisson | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 607962585 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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