2 papers
econ.EM2026
Demand Estimation with Variable Choice Sets: A Likelihood Correction for Nested Logit
Matthew J. Baker, Lisa M. George
We derive the exact likelihood of the Berry (1994) share-form nested logit and show it contains a Jacobian term that depends on nest size and the nesting parameter. Omitting the te…
econ.EM2026
Empirical Global Games of Regime Change
Matthew J. Baker, Khaled Eltokhy, Weichao Guo
Global games theory provides a tractable framework for analyzing coordination problems with multiple equilibria, with regime overthrow serving as a canonical application. A large e…