Slide 46
Slide 46 text
Alternative models of human
behaviour
●
Gravity Model
– 'Pull' of attractive
lakes
●
Random Utility Model
– Rational utility
maximizers
PGM T
nj
=A
n
W
j
e D
nj
−d , n=1,... ,n , j=1,..., J.
A
n
=1/∑
k =1
L
W
k
e D
nk
−d .
U
nj
=V
nj
+ϵ
nj
, n=1,... , N , j=1,... J
V
nj
=
X
nj
PRUM T
nj
=
expV
nj
∑
k=1
J
expV
nk
, n=1,... , N , j=1,... , J
(Schneider et al. 1998,
Leung et al. 2004, 2006)
(Moore et al. 2005, Timar
and Phaneuf 2009)