An empirical investigation of the consistency of nested logit models with utility maximization

An empirical investigation of the consistency of nested logit models with utility maximization

Primary Country: United States
Ecosystem: multiple
Sample Value Estimates:
CS of resident sports fsihing anglers in Southern California
  1. $10.84 - 21.35 / day: for shore fishing
  2. $27.46-$44.45 / day: for off-shore fishing
Region: Americas / Pacific
Data source: National Ocean Economics Program

Publication information

Kling, C.L. Herriges, J.A. “An empirical investigation of the consistency of nested logit models with utility maximization” American Journal of Agricultural Economics, 77(4), 875-884, 1995

Addtional Notes

Three alternative approaches to checking and formally testing for the consistency conditions using classical statistics are investigated. In addition, a Bayesian approach to interpreting and imposing the local consistency conditions is provided.

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