This article shows that, in the logit models, the(conditional) expected utility of the decision makers choosing an alternative is invariant across all alternatives. This property of the logit model implies that the logit model can not explain ...
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https://www.riss.kr/link?id=A105566550
1987
Korean
KCI우수등재
학술저널
25-31(7쪽)
0
상세조회0
다운로드다국어 초록 (Multilingual Abstract)
This article shows that, in the logit models, the(conditional) expected utility of the decision makers choosing an alternative is invariant across all alternatives. This property of the logit model implies that the logit model can not explain ...
This article shows that, in the logit models, the(conditional) expected utility of the decision makers choosing an alternative is invariant across all alternatives. This property of the logit model implies that the logit model can not explain the distributional wealfare effects of a transportation policy (or transportation investment) among different alternatives, and thus the logit model is not proper for evaluating transportation policy in equity aspects.
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