Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10008905776
A parallel method for computing the log of the Jacobian of variable transformations in models of spatial interactions on a lattice is developed. The method is shown to be easy to implement in parallel and distributed computing environments. The advantages of parallel computations are significant...
Persistent link: https://www.econbiz.de/10005118326
The paper examines the relevance of unobserved spatial dependence between individual decision-makers in the analysis of discrete choices. To incorporate spatial interdependencies in the behavioral analysis, we propose a spatial random utility model of recreation demand. The model combines the...
Persistent link: https://www.econbiz.de/10010599354
The paper presents a basic spatial discrete choice modeling framework obtained by applying random utility theory to discrete choices made by heterogeneous spatially dependent individuals. The newly developed framework has two main advantages over existing approaches. First, individual...
Persistent link: https://www.econbiz.de/10008871590
Persistent link: https://www.econbiz.de/10009820161
Persistent link: https://www.econbiz.de/10008444160
The paper proposes a novel theory-based approach to economic growth prediction. In the economy populated with economically independent decision-makers, the information about their individual preferences, available technologies, and resource constraints is embedded in decision-makers' opportunity...
Persistent link: https://www.econbiz.de/10013100255
The paper considers a multivariate binary response model that allows for a range of response distribution functions and pairwise response dependencies. The maximum likelihood estimator (MLE) for the model is derived and its asymptotic distribution and convergence properties are established....
Persistent link: https://www.econbiz.de/10013127461
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