An unconditional competing risk hazard model of consumer store-choice dynamics
In this paper an unconditional competing risk hazard model of consumer store-choice dynamics is developed and tested as an alternative to the negative binomial and Dirichiet models of store choice introduced in the urban planning literature by Wrigley and Dunn. The hazard model is less restrictive in terms of its assumptions regarding duration effects. It is also more flexible in that various distributions can be incorporated into the model, leading to different store choice dynamics. An empirical example, based on Nielsen scanner panel data for Springfield, MO, is provided to illustrate the modelling approach. Results indicate that the model represents the observed store-choice dynamics satisfactorily.
When requesting a correction, please mention this item's handle: RePEc:pio:envira:v:28:y:1996:i:2:p:357-368. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Neil Hammond)
If references are entirely missing, you can add them using this form.