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The purpose of this paper is to establish whether the unobserved spatial interdependencies between individual households influence recreational travel choices. To coherently incorporate spatial interdependencies in the behavioral analysis, we propose spatial random utility model of recreation...
Persistent link: https://www.econbiz.de/10013127472
Random utility models customarily assume strict independence of individual decision-makers. Overwhelming evidence of crowding, peer pressure, herd behavior and other instances of spontaneous discrete choice coordination indicate that decision-makers interact and thus affect choices made by...
Persistent link: https://www.econbiz.de/10013127474