GEV AND NESTED LOGIT MODELS IN THE CONTEXT OF CLASSICAL CONSUMER THEORY

Abstract

Following the development of the proposed consumer theory-based demand model that is discriled in the paper entitle "Logit Models and Gravity Model in the Context of Consumer Behavior Theory", this paper seeks the derivations of the generalized extreme value models (GEV) and the nested logit models. By the context of this study, the so-called quasi-GEV model and quasi-nested logit models are introduced.