Econometrics for Ph.D. students: 7 Generalisations to the multinomial logit model

This video is part of the course Econometrics 2 for Research Master students at Tilburg University.
This video is about generalisations to the multinomial logit model. I talk about the nested logit model, the multinomial probit model, and the mixed logit model. We also talk about the paper by Goldberg (1995) and how one can combine estimates from a multinomial choice model with a supply side model of an industry to produce interesting counterfactual predictions and perform welfare analysis.

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Thank you very much for putting in the effort to upload this video but it would have been a lot more useful if you give some examples. These are really abstract concepts and your explanations are not helping much.