Understanding the distribution and the determinants of search criteria thresholds helps in representing choice set formation and choice behavior. The development and estimation are presented of a two-stage model that jointly represents search criteria thresholds, within a noncompensatory choice set formation stage, and choice behavior, within a compensatory stage. Data were collected by using a custom-designed web-based choice experiment that seamlessly tracked the entire choice process by recording choice protocols. The model is applied to off-campus rental apartment choice by students as an example of a complex choice situation. The model combines three correlated ordered response models for the search criteria with a multinomial logit model for the choice among a realistically large realm of 200 alternatives. Estimates demonstrate that ( a) the thresholds are correlated and their selection can be explained by individual characteristics, preferences, and perceptions and ( b) the suggested methodology alleviates the computational complexity embedded in two-stage models by reducing the number of theoretically possible choice sets to the actually chosen ones.


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    Titel :

    Two-Stage Model for Jointly Revealing Determinants of Noncompensatory Conjunctive Choice Set Formation and Compensatory Choice


    Weitere Titelangaben:

    Transportation Research Record: Journal of the Transportation Research Board


    Beteiligte:
    Kaplan, Sigal (Autor:in) / Bekhor, Shlomo (Autor:in) / Shiftan, Yoram (Autor:in)


    Erscheinungsdatum :

    01.01.2009




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch