Public transportation in Cartagena, Colombia: Understanding preferences using discrete choice models

This paper revisits the data set collected by Toro, Alvis and Arellano (2005) in order to evaluate three main models in transportation: probit, conditional logit, and the nested logit. The results show that the advantages of other transportation modes over buses are their lower travel and waiting times. Additionally, it was found that a traveler facing equal times and costs would prefer bus rather than other alternatives.

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Year of publication:	2013
Authors:	Gonzalez, Daniel Toro
Published in:	REVISTA ECONOMÍA & REGIÓN. - UNIVERSIDAD TECNOLÓGICA DE BOLÍVAR. - 2013
Publisher:	UNIVERSIDAD TECNOLÓGICA DE BOLÍVAR
Subject:	Cartagena \| Colombia \| transportation \| discrete choice models \| multinomials \| conditional \| logit \| probit

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Type of publication:	Article
Classification:	C25 - Discrete Regression and Qualitative Choice Models ; D12 - Consumer Economics: Empirical Analysis ; R41 - Transportation: Demand; Supply; Congestion; Safety and Accidents
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010762906