An asymptotic foundation for logit models
Article Abstract:
A study evaluates logit models of estimating utility maximization in spatial economics. Utility distributions and choice probabilities are examined relative to presence and non-presence of spatial differentiation. The study formulates asymptotic foundation to the logit model correlated to a discrete choice theory. It was revealed that decision maker's choice with a given set of alternatives and observations is being governed by the logit model.
Publication Name: Regional Science & Urban Economics
Subject: Social sciences
ISSN: 0166-0462
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Testing neoclassical convergence in regional incomes and earnings
Article Abstract:
The neoclassical growth model predicting a convergence in regional incomes and earnings is tested via the use of time-series data and analysis. Findings show positive proof of a convergence in per capita incomes for the period 1929-1990, except for the year 1946. However, per capita earnings did not show an equally conclusive proof of convergence as abnormal or erratic conditions in certain years tended to persist.
Publication Name: Regional Science & Urban Economics
Subject: Social sciences
ISSN: 0166-0462
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Efficient Nash equilibria in a federal economy with migration costs. Does public infrastructure affect economic activity? Evidence from the rural interstate highway system
- Abstracts: Are telecommunications facilities 'infrastructure?' If they are, so what? part 2 Central city infrastructure investment and suburban house values
- Abstracts: Sectoral and spatial linkages in the EC production structure. Spatial moving behavior of two-earner households
- Abstracts: Econometric study on the technology gap between Korea and Japan. part 2 Longevity and life expectancy
- Abstracts: Longevity and life expectancy. Scenario management: an approach to develop future potentials