Showing 1 - 7 of 7
A major concern with the derivation of willingness to pay (WTP) distributions from mixed logit models is the incidence of values over a range that are deemed 'behaviourally questionable', with respect to the sign and magnitude. Recent research in redefining the 'space' within which a choice...
Persistent link: https://www.econbiz.de/10010907275
A growing number of empirical studies involve the assessment of influences on a choice amongst ordered discrete alternatives. Ordered logit and probit models are well known, including extensions to accommodate random parameters and heteroscedasticity in unobserved variance. This paper extends...
Persistent link: https://www.econbiz.de/10010562317
This paper investigates factors likely to increase a person's risk of social exclusion, drawing on survey data specifically framed for this purpose. We use a generalised ordered logit model that accounts for observed and unobserved heterogeneity and derive the marginal effects for each...
Persistent link: https://www.econbiz.de/10010562323
A number of static and dynamic specifications of a log-linear demand function for public transport are estimated using aggregate panel data for twenty-two Indian states over the period 1990 to 2001. In all cases, transit demand is significant and inelastic with respect to the fare. Service...
Persistent link: https://www.econbiz.de/10010728815
This paper evaluates cost and scale efficiencies of Switzerland's regulated rural bus companies operating in regional networks. The adopted methodology can be used in benchmarking analyses applied to incentive regulation systems. Moreover, the estimations can be used to evaluate the bidding...
Persistent link: https://www.econbiz.de/10004988137
This paper analyses the cost structure of the Swiss urban public transport sector in order to assess scale and scope economies. A multi-output cost function has been estimated for a panel data set of companies operating trolley-bus, motor-bus and tramway systems. The results suggest increasing...
Persistent link: https://www.econbiz.de/10004988154
Efficiency measurement in public transport requires an adequate account of unobserved network characteristics that are typically modelled as factors separable from the production process. This paper proposes a panel data model that allows for non-separable firm-specific heterogeneity in an input...
Persistent link: https://www.econbiz.de/10010562310