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The Spatial Distribution of Retail Expenditures: Joint Estimation of a Polychotomous Discrete-Continuous Choice System

The Spatial Distribution of Retail Expenditures: Joint Estimation of a Polychotomous Discrete-Continuous Choice System

The empirical model fuses the shopping destination choices made by individuals with shopping expenditure decisions. The joint estimation of discrete-continuous choices, in contrast to sequential estimation, has wide applicability to many problems.

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