Guimaraes, Paulo; Figueiredo, Octávio; Woodward, Douglas - In: Journal of Regional Science 44 (2004) 1, pp. 1-20
Given sound theoretical underpinnings, the random utility maximization-based conditional logit model (CLM) serves as the principal method for applied research on industrial location decisions. Studies that implement this methodology, however, confront several problems, notably the disadvantages...