We study firms that sell multiple substitutable products and customers whose purchase behavior follows a nested logit model, of which the multinomial logit model is a special case. Customers make ...
The Review of Economics and Statistics, Vol. 96, No. 5 (December 2014), pp. 916-935 (20 pages) We propose a random coefficients nested logit (RCNL) model to compare the tractable nested logit (NL) ...
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