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Many econometric models exist that may be used to analyse choice data. These, however, are all based on specific assumptions made by the analyst in relation to how individual respondents make their choices. In practice, though, it may be difficult to satisfy these assumptions. Accepting that...
Persistent link: https://www.econbiz.de/10010990177
Random utility maximisation is the pre-eminent behavioural theory used to model choices. An alternative paradigm, however, is random regret minimisation. While the majority of the literature examines the choices of individuals, this paper compares the choices of groups, as well as individuals,...
Persistent link: https://www.econbiz.de/10010728814
This paper investigates support for road pricing reform within a referendum voting choice model. Central to this is how to identify believable ex-ante support for specific road pricing schemes. Our approach is centred on a referendum voting choice model for alternative road pricing schemes, with...
Persistent link: https://www.econbiz.de/10010728828
There is a renewed interest in the development of behavioural models designed to identify the major determinants of household vehicle purchase. This is due, in part, to the growing interest in the economic viability of the automobile industry, rising fuel costs and increasing enhanced greenhouse...
Persistent link: https://www.econbiz.de/10004988036
Two issues that reflect how individuals make travel or vehicle purchase choices are the relevance of attribute levels associated with alternatives, and the extent to which the respondent is certain of actually choosing the alternative that they indicated was their preferred alternative. This...
Persistent link: https://www.econbiz.de/10010562308