01155856

Component

Residential mobility and relocation choice are essential parts of integrated transportation and land use models. These decision processes have been examined and modeled individually to a great extent but there remain gaps in the literature on the underlying behaviors that connect them. Households may partly base their decision to move from or stay at a current location on the price and quality of the available alternatives. Conversely, households that are on the market for a new location may evaluate housing choices relative to their previous residence. How and the degree to which these decisions relate to each other are, however, not completely understood. This research is intended to contribute to the body of empirical evidence that will help answer these questions. It is hypothesized that residential mobility and location choice are related household decisions that can be modeled together using a two-tier hierarchical structure. This paper presents a novel nested logit (NL) model with sampling of alternatives and a proposed procedure for sampling bias correction. The model was estimated using full-information maximum likelihood estimation methods. The results confirm the applicability of this NL model and support similar findings from other empirical studies in the residential mobility and location choice literature.

01147878

10-2533

English

13p

2010

Transportation Research Board 89th Annual Meeting

DVD

References (57) ; Tables (2)

Choice models; Decision making; Land use planning; Mobility; Residential location; Sampling; Travel surveys

Nested logit models

Planning and Forecasting; Transportation (General); I72: Traffic and Transport Planning

Transportation Research Board Annual Meeting 2010 Paper #10-2533

TRIS, TRB

Jan 25 2010 11:12AM