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This paper explores ways to integrate model uncertainty into policy evaluation. We first describe a general framework for the incorporation of model uncertainty into standard econometric calculations. This framework employs Bayesian model averaging methods that have begun to appear in a range of...
Persistent link: https://www.econbiz.de/10012467771
ranked according to the information restrictions employed in constructing noise estimates. Our results show that … information sets that exclude those variables …
Persistent link: https://www.econbiz.de/10012476117
traffic information on traveller behaviour. Specifically, we distinguish between the marginal impact of expected travel times …-phone with traffic information as a reward in our experiment respond to the deviation of actual travel times from the expectation …, which they did not do before. This we interpret as evidence that traffic information indeed affects behaviour. We also find …
Persistent link: https://www.econbiz.de/10011381015
advanced traveller information systems (ATIS). We examine the properties of the information market, and in particular, the … relationship between monopoly information pricing and road system efficiency. From model experiments, we find that increasing … information penetration will lead to negative external effects for the already informed drivers. Furthermore, monopoly information …
Persistent link: https://www.econbiz.de/10011334850
Persistent link: https://www.econbiz.de/10001906770