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Recently the nested multinomial logit (NMNL) model has been proposed to remedy the "independence of irrelevant alternatives" (IIA) property of the classical multinomial logit (MNL) model. The author ...
We propose a random coefficients nested logit (RCNL) model to compare the tractable nested logit (NL) model with the more complex random coefficients logit (RC) model. After a simulation study, we use ...