scholarly journals Social Networks and Choice Set Formation in Discrete Choice Models

Econometrics ◽  
2016 ◽  
Vol 4 (4) ◽  
pp. 42 ◽  
Author(s):  
Bruno Wichmann ◽  
Minjie Chen ◽  
Wiktor Adamowicz
Keyword(s):  
Social Networks ◽  
Discrete Choice ◽  
Choice Models ◽  
Discrete Choice Models ◽  
Choice Set Formation ◽  
Choice Set

scholarly journals The evolution of choice set formation in dwelling and location with rising prices: A decadal panel analysis in the Greater Toronto Area

2021 ◽  
Vol 14 (1) ◽  
pp. 1227-1247
Author(s):  
Jason Hawkins ◽  
Khandker Nurul Habib
Keyword(s):  
Discrete Choice ◽  
Latent Class ◽  
Discrete Choice Models ◽  
Single Family ◽  
Greater Toronto Area ◽  
Home Location ◽  
Price Increases ◽  
Choice Set Formation ◽  
Choice Set

Home location choice is based on both the characteristics of the dwelling (e.g., size, style, number of bedrooms) and the location (e.g., proximity to work, quality of schools, accessibility). Recent years have seen a steep increase in the price of housing in many major cities. In this research, we examine how these price increases are affecting the types of dwelling and locations considered by households. A large sample of real estate listings from 2006 and 2016 from the Greater Toronto Area is used to develop the empirical models. Two recently developed discrete choice models are used in the study: a nested logit model with latent class feedback (LCF) and a semi-compensatory independent availability logit (SCIAL) model. A method of alternative aggregation is proposed to overcome the computational hurdle that often impedes the estimation of choice set models. We find a significant increase in the probability of larger households considering townhouses and apartments over detached single-family dwellings between 2006 and 2016.

Theoretical, methodological and practical issues of choice models

2018 ◽  
Vol 1 (1) ◽  
pp. 21-37
Author(s):  
Bharat P. Bhatta
Keyword(s):  
Discrete Choice ◽  
Model Building ◽  
Estimation Method ◽  
Choice Models ◽  
Discrete Choice Models ◽  
Decision Makers ◽  
Model Formulation ◽  
Random Utility Maximization ◽  
The Relationship ◽  
Method Model

This paper analyzes and synthesizes the fundamentals of discrete choice models. This paper alsodiscusses the basic concept and theory underlying the econometrics of discrete choice, specific choicemodels, estimation method, model building and tests, and applications of discrete choice models. Thiswork highlights the relationship between economic theory and discrete choice models: how economictheory contributes to choice modeling and vice versa. Keywords: Discrete choice models; Random utility maximization; Decision makers; Utility function;Model formulation

BLP-Lasso for Aggregate Discrete Choice Models of Elections with Rich Demographic Covariates

2015 ◽  
Author(s):  
Benjamin J. Gillen ◽  
Sergio Montero ◽  
Hyungsik Roger Moon ◽  
Matthew Shum
Keyword(s):  
Discrete Choice ◽  
Choice Models ◽  
Discrete Choice Models ◽  
Demographic Covariates
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