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Random Utility Models of Spatial Choice

Authors :
Steven R. Lerman
Source :
Lecture Notes in Economics and Mathematical Systems ISBN: 9783540156604
Publication Year :
1985
Publisher :
Springer Berlin Heidelberg, 1985.

Abstract

Random utility models are now in widespread use for analyzing decisions such as mode to work. However, their application to problems of spatial choice have been far fewer and have faced some methodological obstacles specific to choices among numerous alternatives. This paper reviews both the major problems and the alternative solutions which have been developed. Particular attention is given to uses of multinomial logit analysis and its variants primarily because of their potential for dealing with large choice sets without imposing unrealistic computational burdens on the model estimation process.

Details

ISBN :
978-3-540-15660-4
ISBNs :
9783540156604
Database :
OpenAIRE
Journal :
Lecture Notes in Economics and Mathematical Systems ISBN: 9783540156604
Accession number :
edsair.doi...........e7e157490e3ac8f4c4bbaa67223eab44
Full Text :
https://doi.org/10.1007/978-3-642-51020-5_11