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This paper presents the development and estimation of a novel semi-compensatory model for residential choice. The model assumes that apartment seekers engage in a two-stage process, consisting of a non-compensatory strategy to retain only alternatives that meet search-criteria thresholds,...
Persistent link: https://www.econbiz.de/10009235136
Spatial choices entailing many alternatives (e.g., residence, trip destination) are typically represented by compensatory models based on utility maximization with exogenous choice set generation, which might lead to incorrect choice sets and hence to biased demand elasticity estimates....
Persistent link: https://www.econbiz.de/10012655145
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Knowledge-workers belonging to the super-creative core of the creative-class are considered a mean to induce economic growth and to sharpen the regional competitive edge. Driven by the key-role of housing in attracting and retaining knowledge-workers, most studies focus on the residential choice...
Persistent link: https://www.econbiz.de/10011550778