Article ID Journal Published Year Pages File Type
5062737 Economics Letters 2006 6 Pages PDF
Abstract

This note derives analytical transition probabilities following a shock to the deterministic component of the conditional logit model. The solution draws on the post-estimation distribution of the error component, identified by use of a utility maximization interpretation of observed choices.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Analytical prediction of transition probabilities in the conditional logit model
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