The spatial distribution of retail expenditures

Abstract

In this paper a model which fuses the shopping destination choices made by individuals with shopping expenditure decisions was developed. Economic theory was used to demonstrate a close relationship between these two facets of shopping behaviour. The form of this relationship was then used to develop an empirical model of shopping behaviour. The use of FIML jointly to estimate the models associated with the store choice and shopping expenditure decisions meant that a set of cross-equation parameter restrictions implied by theory could be imposed on estimation. By basing the empirical model of shopping behaviour firmly on economic theory, a number of tests could be applied that are unavailable when ad hoc approaches are used.

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