Showing 1 - 10 of 20
The multinomial logit model (MNL) has for many years provided the fundamental platform for the analysis of discrete choice. The basic model's several shortcomings, most notably its inherent assumption of independence from irrelevant alternatives have motivated researchers to develop a variety of...
Persistent link: https://www.econbiz.de/10005052557
In recent years we have seen important extensions of logit models in behavioural research such as incorporation of preference and scale heterogeneity, attribute processing heuristics, and estimation of willingness to pay (WTP) in WTP space. With rare exception, however, a non-linear treatment of...
Persistent link: https://www.econbiz.de/10009143142
The growing popularity of mixed logit to obtain estimates of willingness to pay (WTP) has focussed on the distribution of the random parameters and the possibility of estimating deep parameters to account for heterogeneity around the mean of the distribution. However the possibility exists to...
Persistent link: https://www.econbiz.de/10005115099
When a "new" alternative is introduced, post-estimation, into a logit model, analysis initially exclude an ASC or occasionally assume a correspondence with an existing alternative. Using a recent data set for mode and route choice, the paper highlights the forecasting implications of ignoring...
Persistent link: https://www.econbiz.de/10005052544
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
There is growing interest in establishing the extent of differences in willingness to pay (WTP) for attributes, such as travel time savings, that are derived from real market settings and hypothetical (to varying degrees) settings. Non-experiment external validity tests involving observation of...
Persistent link: https://www.econbiz.de/10008488159
With the growing reliance on Stated Choice (SC) data, researchers are increasingly interested in understanding how respondents process the information presented to them in such surveys. Specifically, it has been argued that some respondents may simplify the choice tasks by consistently ignoring...
Persistent link: https://www.econbiz.de/10008488166
In designing an approach to parameterise the preferences of agents in a distribution chain for retail goods, Hensher and Puckett [Hensher, D.A., Puckett, S.M., 2007. Theoretical and conceptual frameworks for studying agent interaction and choice revelation in transportation studies....
Persistent link: https://www.econbiz.de/10005227992
This paper examines various design strategies that might be employed to construct statistically more efficient stated choice designs in the presence of a reference alternative in a choice set. Using data collected in Sydney in 2004 in the context of trading time and cost attributes associated...
Persistent link: https://www.econbiz.de/10005228000
The emphasis on energy consumption in studies of traveller behaviour has led to increased interest in the development of policy sensitive models of automobile demand. In recognition of the fuller dimensions of automobile demand, a number of studies have considered choice amongst types of...
Persistent link: https://www.econbiz.de/10005228140