ON THE REPRESENTATION OF THE NESTED LOGIT MODEL
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In this paper, we give a two-line proof of a long-standing conjecture of Ben-Akiva in his 1973 PhD thesis regarding the random utility representation of the nested logit model, thus providing a renewed and straightforward textbook treatment of that model. As an application, we provide a closed-form formula for the correlation between two Fréchet random variables coupled by a Gumbel copula.
2016 ◽
Vol 3
(1)
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pp. 12-23
2021 ◽
Vol 145
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pp. 324-341
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2021 ◽
Vol 291
(3)
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pp. 830-845
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2003 ◽
Vol 10
(2)
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pp. 75-98
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