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Residential mobility and location choice: a nested logit model with sampling of alternatives

Transportation, 2010-07, Vol.37 (4), p.587-601 [Peer Reviewed Journal]

The Author(s) 2010 ;2015 INIST-CNRS ;Springer Science+Business Media, LLC. 2010 ;ISSN: 0049-4488 ;EISSN: 1572-9435 ;DOI: 10.1007/s11116-010-9270-4 ;CODEN: TNPRDN

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Title:
Residential mobility and location choice: a nested logit model with sampling of alternatives
Author: Lee, Brian H. Y. ; Waddell, Paul
Subjects: Applied sciences ; Buildings ; Buildings. Public works ; Decision making ; Economic Geography ; Economics ; Economics and Finance ; Empirical analysis ; Engineering Economics ; Exact sciences and technology ; Geographic location ; Ground, air and sea transportation, marine construction ; Households ; Housing ; Innovation/Technology Management ; Land use ; Land use planning ; Location choice ; Logistics ; Marketing ; Mobility ; Nested logit ; Organization ; Position (location) ; Regional/Spatial Science ; Relocation ; Residential ; Residential building ; Residential mobility ; Sampling ; Sampling of alternatives ; Studies ; Transport economics ; Transport infrastructure ; Transportation ; Transportation planning ; Types of buildings
Is Part Of: Transportation, 2010-07, Vol.37 (4), p.587-601
Description: Residential mobility and relocation choice are essential parts of integrated transportation and land use models. These decision processes have been examined and modeled individually to a great extent but there remain gaps in the literature on the underlying behaviors that connect them. Households may partly base their decision to move from or stay at a current location on the price and quality of the available alternatives. Conversely, households that are on the market for a new location may evaluate housing choices relative to their previous residence. How and the degree to which these decisions relate to each other are, however, not completely understood. This research is intended to contribute to the body of empirical evidence that will help answer these questions. It is hypothesized that residential mobility and location choice are related household decisions that can be modeled together using a two-tier hierarchical structure. This paper presents a novel nested logit (NL) model with sampling of alternatives and a proposed procedure for sampling bias correction. The model was estimated using full-information maximum likelihood estimation methods. The results confirm the applicability of this NL model and support similar findings from other empirical studies in the residential mobility and location choice literature.
Publisher: Boston: Springer US
Language: English
Identifier: ISSN: 0049-4488
EISSN: 1572-9435
DOI: 10.1007/s11116-010-9270-4
CODEN: TNPRDN
Source: Alma/SFX Local Collection
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Residential mobility and location choice: a nested logit model with sampling of alternatives

The Author(s) 2010 ;2015 INIST-CNRS ;Springer Science+Business Media, LLC. 2010 ;ISSN: 0049-4488 ;EISSN: 1572-9435 ;DOI: 10.1007/s11116-010-9270-4 ;CODEN: TNPRDN

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