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This paper develops new methodological insights on Random Regret Minimization (RRM) models. It starts by showing that the classical RRM model is not scale-invariant, and that – as a result – the degree of regret minimization behavior imposed by the classical RRM model depends crucially on...
Persistent link: https://www.econbiz.de/10011263714
The paper presents an econometric model for departure time choice modelling. The proposed model is a discrete choice model with latent choice sets. As per the formulation of the mode, the model falls in the general category of Generalized Extreme Value (GEV) models with choice set formation,...
Persistent link: https://www.econbiz.de/10010662416
The Regional Municipality of York, north of the City of Toronto, introduced a new bus service known as VIVA in 2005. This distinctly branded system operates primarily in two highly-travelled corridors and features high operating speeds, offline fare payment, advanced traveller information...
Persistent link: https://www.econbiz.de/10010662424