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Biases in willingness-to-pay measures from multinomial logit estimates due to unobserved heterogeneity
Berg, Vincent A. C. van den; Kroes, Eric; Verhoef, Erik T. - 2010
It is a common finding in empirical discrete choice studies that the estimated mean relative values of the coefficients (i.e. WTP's) from multinomial logit (MNL) estimations differ from those calculated using mixed logit estimations, where the mixed logit has the better statistical fit. However,...
Persistent link: https://www.econbiz.de/10011379636
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Stick to the plan? : a revealed-preference study of behavioural impacts of traffic information
Tseng, Yin-Yen; Knockaert, Jasper; Verhoef, Erik T. - 2010 - This version: 14/07/10
We estimate a revealed-preference scheduling model of morning peak behaviour that allows us to determine the impact of traffic information on traveller behaviour. Specifically, we distinguish between the marginal impact of expected travel times versus that of deviations from this expectation...
Persistent link: https://www.econbiz.de/10011381015
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Train commuters' scheduling preferences : evidence from a large-scale peak avoidance experiment
Peer, Stefanie; Knockaert, Jasper; Verhoef, Erik T. - 2015
We study the trip scheduling preferences of train commuters in a real-life setting. The underlying data have been collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary rewards for traveling outside peak hours. The...
Persistent link: https://www.econbiz.de/10011295719
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Discrete choice models for commuting interactions
Rouwendal, Jan; Levkovich, Or; Mulalic, Ismir - 2017 - This version: July 27, 2017
An emerging quantitative spatial economics literature models commuting interactions by a gravity equation that is mathematically equivalent to a multinomial logit model. This model is widely viewed as restrictive because of the independence of irrelevant alternatives (IIA) property that links...
Persistent link: https://www.econbiz.de/10011699453
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Intermodal competition in the London-Paris passenger market : high-speed rail and air transport
Behrens, Christiaan; Pels, Eric - 2009
This paper studies inter- and intramodal competition in the London-Paris passenger market. Using revealed preference … data, we estimate nested and mixed multinomial logit models to examine passenger behaviour in the London-Paris market. We …. The results show that competition is present in this market. Demand is elastic, and passengers are heterogeneous in their …
Persistent link: https://www.econbiz.de/10011378323
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Ordering the preference hierarchies for internal finance, bank loans, bond and share issues
Haan, Leo de; Hinloopen, Jeroen - 2002
We estimate the incremental financing decision for a sample of some 150Dutch companies for the years 1984 through 1997, thereby distinguishinginternal finance and three types of external finance: bank borrowing, bondissues and share issues. First, we estimate a multinomial logit model...
Persistent link: https://www.econbiz.de/10011327550
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What clients want : choices between lawyers' offerings
Felso, Flora; Onderstal, Sander; Seldeslachts, Jo - 2014
We analyze a client's choice of contract in auctions where Dutch law firms compete for routine cases. The distinguishing feature here is that lawyers may submit bids with any fee arrangement they prefer: an hourly rate, a fixed fee or a mixed fee, which is a time-capped fixed fee plus an hourly...
Persistent link: https://www.econbiz.de/10010240049
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Thought for food : understanding educational disparities in food consumption
Koç, Hale; Van Kippersluis, Hans - 2015
Higher educated individuals are healthier and live longer than their lower educated peers. One reason is that lower educated individuals engage more in unhealthy behaviours including consumption of a poor diet, but it is not clear why they do so. In this paper we develop an economic theory of...
Persistent link: https://www.econbiz.de/10010492345
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The information content of a stated choice experiment
Rouwendal, Jan; Blaeij, Adriana Tanneke de; Rietveld, Piet - 2008 - This version: May 16, 2008
This paper presents a method to assess the distribution of values of time, and values of statistical life, over participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of distribution, as is required for example for mixed logit...
Persistent link: https://www.econbiz.de/10011376457
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Competing transport networks
Leij, Marco van der - 2003
faces competition from a slower but betteraccessible transport mode. To access the fast transport network individuals haveto …In a circular city model, I consider network design and pricing decisions for asingle fast transport connection that … presence of competition the profit-maximizingand socially optimal decision would be to cluster the two stations. Bycontrast, in …
Persistent link: https://www.econbiz.de/10011333275