Showing 1 - 10 of 64
Since the pioneering work of McFadden (1974), discrete choice random-utility models have become work horses in many areas in transportation analysis and economics. In these models, the random variables enter additively or multiplicatively and the noise distributions take a particular parametric...
Persistent link: https://www.econbiz.de/10011065527
It is not unusual in real-life that one has to choose among finitely many alternatives when the merit of each alternative is not perfectly known. This may be the case when an individual chooses school, doctor or pension plan, or when a firm chooses between alternative R&D projects. Instead of...
Persistent link: https://www.econbiz.de/10005649364
We derive a family of probabilistic choice models including the multinomial logit model, from a microeconomic model in which the decision maker has to make some effort in order to avoid mistakes when implementing any desired outcome. The disutility of this effort enters the decision maker's goal...
Persistent link: https://www.econbiz.de/10005771086
This paper examines the proposition that homotheticity is equivalent to the property that (e.g., in the context of a production function) the marginal rate of substitution is constant along any ray from the origin. This claim is made in many places, but hitherto the prerequisites have not been...
Persistent link: https://www.econbiz.de/10005371051
Honoring David Boyce for his legendary contributions to the fields of transportation modeling and regional science, the chapters in this festschrift highlight and analyze state-of-the-art and state-of-the-practice methodologies and theories in transportation modeling, regional and urban planning.
Persistent link: https://www.econbiz.de/10011159265
We present an approach to systematically analysing the vulnerability of road networks under disruptions covering extended areas. Since various kinds of events including floods, heavy snowfall, storms and wildfires can cause such spatially spread degradations, the analysis method is an important...
Persistent link: https://www.econbiz.de/10011043514
The effects of road pricing on transport and location patterns have been much discussed. However, it is unclear how large the effects are, and whether relocation of households, workplaces and shops will counteract or amplify the effects on transport. In this paper a model of a generic symmetric...
Persistent link: https://www.econbiz.de/10004988079
We develop a model for integrated analysis of household location and travel choices and investigate it from a theoretical point of view. Each household makes a joint choice of location (zone and house type) and a travel pattern that maximizes utility subject to budget and time constraints....
Persistent link: https://www.econbiz.de/10005074949
The environment in which transportation analysis and infrastructure planning take place has changed dramatically during the last years. The focus is now, to a considerable extent, on how to transform the transportation system in a direction that could be sustainable in the long run, rather than...
Persistent link: https://www.econbiz.de/10005817871
Persistent link: https://www.econbiz.de/10005759997