Consumers’ Spatial Choice Behavior

The formation of spatial alternatives and the representation of agent-specific heterogeneity are prime issues in empirical studies of location choice. This study surveys microeconomic and microeconometric models of individual location choice that permit to analyze the determinants of individual choice among various combinations of location-specific goods. At the example of tourist's destination choice, it is shown how the market segmentation process can be endogenized and implemented in nested multinomial and universal logit models