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dc.contributor.authorSchmidheiny, Kurten
dc.contributor.authorBrülhart, Mariusen
dc.date.accessioned2009-09-01-
dc.date.accessioned2010-05-14T08:24:08Z-
dc.date.available2010-05-14T08:24:08Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2726en
dc.subject.jelC25en
dc.subject.jelR30en
dc.subject.jelH73en
dc.subject.ddc330en
dc.subject.keywordfirm locationen
dc.subject.keywordresidential choiceen
dc.subject.keywordconditional logiten
dc.subject.keywordnested logiten
dc.subject.keywordPoisson count modelen
dc.subject.stwStandortwahlen
dc.subject.stwBetriebliche Standortwahlen
dc.subject.stwWohnstandorten
dc.subject.stwLogit-Modellen
dc.subject.stwZähldatenmodellen
dc.subject.stwTheorieen
dc.titleOn the equivalence of location choice models : conditional logit, nested logit and poisson-
dc.typeWorking Paperen
dc.identifier.ppn607962585en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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