Abstract
This paper presents the development and estimation of a semi-compensatory residential choice model with a flexible error structure. 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, followed by a compensatory strategy to finalize the choice. The model can accommodate nested substitution patterns across the
alternatives as well as random taste variation across the population. The proposed model is applied to off-campus rental apartment choices by university students. The model estimation is based on database search and choice outcomes retrieved from a synthetic real-estate website inspired by actual on-line real-estate portals. Results show the potential of the proposed semi-compensatory model to realistically represent residential choice and other
spatial choices related to regional, urban and transport planning.
Keyword: residential choice, semi-compensatory, two-stage model, real-estate websites
Keyword: residential choice, semi-compensatory, two-stage model, real-estate websites
| Original language | English |
|---|---|
| Title of host publication | The50th Anniversary European Congress of the Regional Science Association International |
| Publication date | 2010 |
| Publication status | Published - 2010 |
| Externally published | Yes |
| Event | 50th Anniversary European Congress of the Regional Science Association International: Sustainable Regional Growth and Development in the Creative Knowledge Economy - Jönköping, Sweden Duration: 19 Aug 2010 → 23 Aug 2010 Conference number: 50 http://www.ersa.org/summer-school/past-congresses/ersa-2010/2010-ersa-congress-jonkoping/ |
Conference
| Conference | 50th Anniversary European Congress of the Regional Science Association International |
|---|---|
| Number | 50 |
| Country/Territory | Sweden |
| City | Jönköping |
| Period | 19/08/2010 → 23/08/2010 |
| Internet address |