A new approach for the estimation of bid-rent functions for residential location choice is proposed. The method is based on the bid-auction approach and considers that the expected maximum bid of the auction is a latent variable that can be related to observed price indicators through a...

Latent class models are a convenient and intuitive way to introduce taste heterogeneity in discrete choice models by relating attributes of the decision makers with unobserved behavioral classes, hence allowing for a more accurate market segmentation. Estimation and specification of latent class...

Microsimulation of urban systems evolution requires synthetic population as a key input. Currently, the focus is on treating synthesis as a fitting problem and thus various techniques have been developed, including Iterative Proportional Fitting (IPF) and Combinatorial Optimization based...

The traditional formulation of logit models applied to transport demand assumes a compensatory (indirect) utility function in which the consumers' strategy assumes a trade-off between attributes. Several authors have criticized this approach because it fails to recognize attribute thresholds in...

This paper presents a dynamic equilibrium model for the real estate market. Households have stochastic behavior and compete for quasi-unique locations (real estate goods), which are assigned to the best bidder through an auction-type mechanism. The producers are modeled as maximizers of their...

La estructura agrícola productiva y sus interrelaciones a nivel subregional en Antioquia para el período 1995 - 2005 es el objetivo de este artículo. En el desarrollo se hará un recorrido por las diferentes teorías que han abordado la agricultura en la literatura económica y serán las...

Using a Bergson-Samuelson welfare function, we outline a microeconomic interpretation of the effects of the non-linearity in the time/cost relationship for travellers in a congested transport network. It is demonstrated that a marginal cost traffic flow assignment following Wardrop's second...

Workshop 2 examined critical success factors, operational enhancements, appropriate contractual and institutional settings and complementary policies of BRT systems, building off the discussion started two years before in Durban. Even though implementing a BRT corridor is almost always very...

We review the current situation of Transantiago, the fully integrated public transport system covering the Santiago Metropolitan Area in Chile, identifying its current strength, flaws and challenges. The system captured worldwide attention after its premature implementation in February 2007,...

Marginal productivity of salesforce (excluding checkout clerks) in a retail store is difficult to assess. An analytical model is presented here explaining this productivity using salesforce workers per hour as the factor of production (the explanatory variable) and sales transactions per hour as...