TY - JOUR
T1 - Choice model specification, substitution and spatial structure effects : a simulation experiment
AU - Borgers, A.W.J.
AU - Timmermans, H.J.P.
PY - 1987
Y1 - 1987
N2 - Several choice models are compared on their ability to reproduce two types of simulated data sets. The sets belonging to the first type were generated by using a probit model which is able to account for substitution effects while the data sets of the second type were generated by using a probit model which is able to account for spatial structure effects. The main conclusion of the experiment is that simple models like the multinomial logit model, although they perform less than the models used to generate the data, are sufficiently robust to reproduce the simulated data.
AB - Several choice models are compared on their ability to reproduce two types of simulated data sets. The sets belonging to the first type were generated by using a probit model which is able to account for substitution effects while the data sets of the second type were generated by using a probit model which is able to account for spatial structure effects. The main conclusion of the experiment is that simple models like the multinomial logit model, although they perform less than the models used to generate the data, are sufficiently robust to reproduce the simulated data.
U2 - 10.1016/0166-0462(87)90067-6
DO - 10.1016/0166-0462(87)90067-6
M3 - Article
SN - 0166-0462
VL - 17
SP - 29
EP - 47
JO - Regional Science and Urban Economics
JF - Regional Science and Urban Economics
IS - 1
ER -