This paper examines household residential location choice behavior using a sample of single wage-earner households from the Dallas-Fort Worth region in Texas. The study considers several potential determinants of residence location choice, including socio-demographic status, stage of life cycle and racial composition. In addition, the study is one of the few research efforts that recognizes the...

We examine three models for sample selection that are relevant for modeling credit scoring by commercial banks. A binary choice model is used to examine the decision of whether or not to extend credit. The selectivity aspect enters because such models are based on samples of individuals to whom credit has already been given. A regression model with sample selection is suggested for predicting e...

The increase of a new product’s sales is usually attributed to consumers becoming informed about the existence of the product. Advertising can accelerate this consumer awareness process. This paper evaluates this effect. I develop and estimate a structural model in which the consumer purchase decision is specified using a discrete choice model with variation in the choice set, according to the ...

This note presents an algorithm that extends a binary choice model to choice among multiple alternatives. Both neoclassical microeconomic theory and Luce choice model are consistent with the proposed algorithm. The algorithm is compatible with several empirical findings (asymmetric dominance and attraction effects) that cannot be explained within standard models.

We propose a multiplicative speci cation of a discrete choice model that renders choice probabilities independent of the scale of the utility. The scale can thus be random with unspeci ed distribution. The model mostly outperforms the classical additive formulation over a range of stated choice data sets. In some cases, the improvement in likelihood is greater than that obtained from adding obs...

This paper considers random games, in which the actual game being played | its player set, the action spaces of the involved players, and their preferences | is determined by a stochastic state of nature. To capture the uncertainty at the planning stage whether or not a certain action choice is feasible, maximum likelihood equilibria are introduced: strategy pro ̄les that lead to equilibrium pla...

This paper proposes and evaluates a descriptive multiattribute choice model based upon the notion of acceptability developed in the stochastic multicriteria acceptability analysis (SMAA) methods. The acceptability index is simply the relative proportion of all possible preference structures that support the selection of a particular alternative, and is related to a model of choice in which attr...

PAULO MONTEIRO J. , COSTA MANUEL S. 2 Ph.D. in Hydrogeology, Auxiliary Professor Universidade do Algarve, FCMA, GeoSystems Centre CVRM (IST) Campus de Gambelas, 8005-139 Faro, Phone: 351 289 800900; Fax: 351 289 818353 [email protected] Senior Agronomic Engineer, Private Consultant and Ph.D. Student Algarve University, FERN Faculty of Engineering of Natural Resources Campus de Gambelas, 8005-139...

The rapid development of choice modelling procedures, especially using Stated Preference data, over the past twenty years, has created an opportunity for an imbalance between the models and the data used for construction of the models. This paper examines this imbalance and stresses the need for more attention to be paid to the needs of the respondent when collecting data for choice modelling. ...

We provide a characterization of selection correspondences in two-person exchange economies that can be core rationalized in the sense that there exists a preference profile with some standard properties that generates the observed choices as the set of core elements of the economy for any given initial endowment vector. The approach followed in this paper deviates from the standard rational ch...