Choice model specification, substitution and spatial structure effects : a simulation experiment

A.W.J. Borgers, H.J.P. Timmermans

Research output: Contribution to journalArticleAcademicpeer-review

54 Citations (Scopus)
218 Downloads (Pure)

Abstract

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.
Original languageEnglish
Pages (from-to)29-47
JournalRegional Science and Urban Economics
Volume17
Issue number1
DOIs
Publication statusPublished - 1987

Fingerprint

Dive into the research topics of 'Choice model specification, substitution and spatial structure effects : a simulation experiment'. Together they form a unique fingerprint.

Cite this