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Using Nested Logit Model in the Study of Proxy Contest
Davis College of Business, Jacksonville University, Jacksonville, FL, USA
School of Business and Liberal Arts, SUNY Canton, Canton, NY, USA
University of Cassino and Southern Lazio (Italy), Frosinone, Italy
Davis College of Business, Jacksonville University, Jacksonville, FL, USA
- 1 Davis College of Business, Jacksonville University, Jacksonville, FL, USA
- 2 School of Business and Liberal Arts, SUNY Canton, Canton, NY, USA
- 3 University of Cassino and Southern Lazio (Italy), Frosinone, Italy
- 4 Davis College of Business, Jacksonville University, Jacksonville, FL, USA
Journal of Mathematical Finance·Volume 09 (2019)·Pages 202–227·Published 14 March 2019·DOI10.4236/jmf.2019.92011
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Abstract
The nested logit model has been extensively used in studies focused on transportation. This model is based on a choice modeling framework and is also applicable to the study of a proxy contest. In this study, we illustrate how the nested logit model can be effectively used to evaluate a case of a proxy contest. We also present the specific model that can be used to predict the possibility of the occurrence of proxy contests.
KeywordsNested Logit ModelProxy ContestChoice Modeling
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