Showing 1 - 10 of 39
In the current paper, we propose a new multinomial probit-based model formulation for integrated choice and latent variable (ICLV) models, which, as we show in the paper, has several important advantages relative to the traditional logit kernel-based ICLV formulation. Combining this MNP-based...
Persistent link: https://www.econbiz.de/10010907079
Multiple-discrete continuous choice models formulated and applied in recent years consider a single linear resource constraint, which, when combined with consumer preferences, determines the optimal consumption point. However, in reality, consumers face multiple resource constraints such as...
Persistent link: https://www.econbiz.de/10011065516
This paper formulates a multidimensional choice model system that is capable of handling multiple nominal variables, multiple count dependent variables, and multiple continuous dependent variables. The system takes the form of a treatment-outcome selection system with multiple treatments and...
Persistent link: https://www.econbiz.de/10010931643
The developments in discrete choice formulation, estimation and inference techniques have been fast and furious over the past few years. This special issue of Transportation Research Part B is a compilation of some of the cutting-edge research in the field.
Persistent link: https://www.econbiz.de/10010574807
This study presents a joint model system of residential location and activity time-use choices that considers a comprehensive set of activity-travel environment (ATE) variables, as well as socio-demographic variables, as determinants of individual weekday activity time-use choices. The model...
Persistent link: https://www.econbiz.de/10005022869
The dominant approach in the literature to dealing with sample selection is to assume a bivariate normality assumption directly on the error terms, or on transformed error terms, in the discrete and continuous equations. Such an assumption can be restrictive and inappropriate, since the...
Persistent link: https://www.econbiz.de/10005022885
Persistent link: https://www.econbiz.de/10005227993
The use of simulation techniques has been increasing in recent years in the transportation and related fields to accommodate flexible and behaviorally realistic structures for analysis of decision processes. This paper proposes a randomized and scrambled version of the Halton sequence for use in...
Persistent link: https://www.econbiz.de/10005228015
The nested logit model relaxes the 'independence of irrelevant alternatives' (IIA) property of the multinomial logit model by grouping alternatives based on their degree of substitution. Alternatives in a nest exhibit an identical degree of increased sensitivity relative to alternatives not in...
Persistent link: https://www.econbiz.de/10005228040
In many spatial analysis contexts, the variable of interest is discrete and there is spatial clustering of observations. This paper formulates a model that accommodates clustering along more than one dimension in the context of a discrete response variable. For example, in a travel mode choice...
Persistent link: https://www.econbiz.de/10005228062