RANDOM UTILITY MODELLING AND LABOUR SUPPLY MOBILITY ANALYSIS
Günther Maier, Manfréd M. Fischer
Abstract
Günther Maier, Manfréd M. Fischer
Abstract
ABSTRACT This paper attempts to elaborate the theory of random utility maximizing discrete choice behaviour in the context of regional labour supply mobility. From a choice theoretic point of view, regional labour supply is considered as the result of a series of decisions. Assuming different probability choice structures underlying the complete residential location-employment status-workplace location choice problem, four different regional labour supply random utility based discrete choice models are derived and discussed in some detail.
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ABSTRACT This paper attempts to elaborate the theory of random utility maximizing discrete choice behaviour in the context of regional labour supply mobility. From a choice theoretic point of view, regional labour supply is considered as the result of a series of decisions. Assuming different probability choice structures underlying the complete residential location-employment status-workplace location choice problem, four different regional labour supply random utility based discrete choice models are derived and discussed in some detail.
Key concepts: Discrete choice, Context (archaeology), Labour supply, Point (geometry), Economics, Microeconomics, Econometrics, Mathematics