MICROECONOMETRIC MODELS OF TOURISTS DESTINATION CHOICE

The focus of this paper is on the microeconometric analysis of spatial choice in a cross section. Nested multinomial legit models are used t o analyze the determinants of individual choice among destinations and vacation activities. Cramer and Ridder's likelihood ratio test for po oled alternatives in multinomial legit models is sequentially applied in order to determine the adequate aggregation level of the mutually e xclusive alternatives in the choice set. The specification test sugges ted by Chesher and Santos Silva (1992) is used to investigate whether or not the IIA proposition is fulfilled within the assumed choice subs ets. (C) 1997 Elsevier Science B.V.