| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7406 |
| DP7406 Testing Unilateral and Bilateral Link Formation | |
| Marcel Fafchamps; Margherita Comola | |
| 发表日期 | 2009-08-09 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Conditional logit Firm location Nested logit Poisson count model Residential choice |
| URL | https://cepr.org/publications/dp7406 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536243 |
| 推荐引用方式 GB/T 7714 | Marcel Fafchamps,Margherita Comola. DP7406 Testing Unilateral and Bilateral Link Formation. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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