Choice model specification,substitution and spatial structure effects: A simulation experiment |
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| Affiliation: | 1. Instituto Universitario de Automática e Informática Industrial, Universitat Politècnica de València, Camino de Vera s/n, Valencia 46022, Spain;2. Industrial and Systems Engineering Graduate Program (PPGEPS), Pontifical Catholic University of Parana (PUCPR), Imaculada Conceição, 1155, 80215-901 Curitiba, Paraná, Brazil;1. School of Environmental Studies, China University of Geosciences, Wuhan 430074, China;2. College of Resources and Environment, Yangtze University, Wuhan 430100, China |
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| Abstract: | Several choice models are compared on their ability to reproduce two types of simulated data sets. The sets belonging to the first type were generated by using a probit model which is able to account for substitution effects while the data sets of the second type were generated by using a probit model which is able to account for spatial structure effects. The main conclusion of the experiment is that simple models like the multinomial logit model, although they perform less than the models used to generate the data, are sufficiently robust to reproduce the simulated data. |
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