{"product_id":"development-and-estimation-of-flexible-semi-compensatory-choice-models-von-sigal-kaplan","title":"Development and estimation of flexible semi-compensatory choice models","description":"\u003cp\u003eSemi-compensatory models show promise in  representing two-stage choice processes by  integrating choice set formation within discrete  choice models. However, they are subject to  simplifying assumptions that limit their  application. The current study proposes a novel semi- compensatory model that alleviates these simplifying  assumptions concerning (i) the number of  alternatives, (ii) the representation of choice set  formation, and (iii) the error structure. The  proposed model represents a sequence of choice set  formation based on the conjunctive heuristic with  correlated thresholds, and utility-based choice  accommodating alternatively nested substitution  patterns across the alternatives and random taste  variation across the population. The model is  accompanied by an innovative two-stage procedure to  collect data about semi-compensatory choice  processes in a digital economy environment. The  proposed model is applied to off-campus rental  apartment choice of students in a university city in  the core of medium-size metropolitan area.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838391731\"\u003e\u003ch3\u003eAn application to residential choice\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838391731","offer_id":39499110416477,"sku":"9783838391731","price":79.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/70f79cd3-196a-491f-a12d-26d554bdad63.jpg?v=1758345906","url":"https:\/\/shop.autorenwelt.de\/en\/products\/development-and-estimation-of-flexible-semi-compensatory-choice-models-von-sigal-kaplan","provider":"Autorenwelt Shop","version":"1.0","type":"link"}