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https://hdl.handle.net/10419/30694
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Schmidheiny, Kurt | en |
dc.contributor.author | Brülhart, Marius | en |
dc.date.accessioned | 2009-09-01 | - |
dc.date.accessioned | 2010-05-14T08:24:08Z | - |
dc.date.available | 2010-05-14T08:24:08Z | - |
dc.date.issued | 2009 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x2726 | en |
dc.subject.jel | C25 | en |
dc.subject.jel | R30 | en |
dc.subject.jel | H73 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | firm location | en |
dc.subject.keyword | residential choice | en |
dc.subject.keyword | conditional logit | en |
dc.subject.keyword | nested logit | en |
dc.subject.keyword | Poisson count model | en |
dc.subject.stw | Standortwahl | en |
dc.subject.stw | Betriebliche Standortwahl | en |
dc.subject.stw | Wohnstandort | en |
dc.subject.stw | Logit-Modell | en |
dc.subject.stw | Zähldatenmodell | en |
dc.subject.stw | Theorie | en |
dc.title | On the equivalence of location choice models : conditional logit, nested logit and poisson | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 607962585 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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