The optimal locations of branch facilities and main facilities with consumer search
Article Abstract:
The strategic positions of main stores and major stores, in an area interval (1,0) having similar number of residents throughout, are evaluated relative to consumer preference. Two probabilities are used: the consumer has a higher probability of finding the searched item at the main facility (probability 1), or the consumer has a smaller probability of getting the same item at the branch facility (probability w). When comparison is made between phone and visit search, the probabilities are almost the same under visit search than phone search.
Publication Name: Journal of Regional Science
Subject: Social sciences
ISSN: 0022-4146
Year: 1996
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Discrete spatial choice models for aggregate destinations
Article Abstract:
A choice model is designed to determine the correct utility optimization of the aggregates based on the nested logit model. In contrast to the multinomial logit model, the new model permits the correlation of independent error terms, which are related with elemental derivatives that are localized within a single aggregate. This is done following the asymptotic theory of extremes which allows the substitution of the error terms distributed by Gumbel, in the presence of large numbers of derivatives in the aggregate zones.
Publication Name: Journal of Regional Science
Subject: Social sciences
ISSN: 0022-4146
Year: 1996
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On frontier specifications for discrete binary choice analysis
Article Abstract:
Frontier specifications for binary discrete choice analysis was proposed. Optimization errors and a combination individual and obervational errors were allowed for, yielding closed form choice probabilities. Choice probabilities were estimable using maximum-likelihood techniques. The assessment of the impact of government policy on welfare is one application of these binary choice models.
Publication Name: Journal of Regional Science
Subject: Social sciences
ISSN: 0022-4146
Year: 1992
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