\textit{Kaiyu} Markov model and evaluation of retail spatial structures

DOI10.1007/978-981-99-1241-4_3MaRDI QIDQ6201554zbMATH OpenOpenAlexFDO

Authors Saburo Saito, Toru Sakamoto

Publication date 25 March 2024

Published in New Frontiers in Regional Science: Asian Perspectives (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/978-981-99-1241-4_3

zbMATH Keywords

absorbing Markov chainstationary Markov chain\textit{Kaiyu}shop-around effectinfinite shop-aroundNobeoka Cityretail spatial structure

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Consumer behavior, demand theory (91B42) Spatial models in economics (91B72)

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Cited in

(6)

• Basics of \textit{Kaiyu} Markov models: reproducibility theorems -- a validation of the infinite \textit{Kaiyu} representation
• Recent advances in modeling and forecasting Kaiyu. Tools for predicting and verifying the effects of urban revitalization policy
• \textit{Kaiyu} Markov model with covariates to forecast the change of consumer \textit{Kaiyu} behaviors caused by a large-scale city center retail redevelopment
• A disaggregate \textit{Kaiyu} Markov model to forecast the sales of retail establishments based on the consumers' frequency of visits
• A Bayesian network model of consumers' \textit{Kaiyu} behaviors
• An opportunity cost approach to valuation of the river in a city center retail environment: another application of the \textit{Kaiyu} Markov model

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