Showing 1 - 9 of 9
Vacation travel in the USA, which constitutes about 25% of all long-distance travel, has been increasing consistently over the past two decades and warrants careful attention in the context of regional and statewide transportation air quality planning and policy analysis, as well as tourism...
Persistent link: https://www.econbiz.de/10011367199
There is an extensive and growing literature on the design and use of stated choice experiments. Such experiments are generally regarded as the preferred framework within which to collect data to reveal the preferences of individuals in a particular application context. Analysts have developed...
Persistent link: https://www.econbiz.de/10011367238
In recent years there has been a re-focus on the valuation of a statistical life from the ex post or human capital method to an ex ante willingness to pay (WTP) approach. This is in part a recognition that we need to focus on establishing the amount, ex ante, that individuals are willing to pay...
Persistent link: https://www.econbiz.de/10011367243
Within a freight transport context, the origin-destination distance and the weight of the shipment play an important role in the decision of the most preferred transport service and in the way logistics managers evaluate the transport service's attributes. In particular, the attributes commonly...
Persistent link: https://www.econbiz.de/10011367334
The development of more realistic choice experiments has taken on board a number of suggestions in the broader hypothetical bias literature. One issue, in particular, is the increasing interest in finding ways to bridge the gap between the stated choice response and real choosing, as a way of...
Persistent link: https://www.econbiz.de/10011367335
In recent years we have seen a burgeoning literature, within a discrete choice modelling setting, focussing on capturing increased behavioural realism in decision making through the use of alternative specifications of the utility function. One notable example is the increasing popularity of the...
Persistent link: https://www.econbiz.de/10010906703
Contrary to the usual assumption of fixed, well-defined and context independent preferences, individuals are likely to approach a choice task using rules and heuristics that are dependent on the choice environment. More specifically, heuristics that are defined by the local choice context, such...
Persistent link: https://www.econbiz.de/10010703058
In this paper we extend the independent availability logit and combined latent class mixed logit models to accommodate respondents with different consideration sets due to their cost thresholds and cut-offs. Pertinent features of our model are that it is estimated in WTP-space and that the...
Persistent link: https://www.econbiz.de/10011049911
Discrete choice (DC) models are often used to describe consumer behaviour at a disaggregate level. At this level, a choice decision is defined in terms of a set of alternatives representing different ‘varieties’ of a particular product differentiated mainly by their quality attributes rather...
Persistent link: https://www.econbiz.de/10011117147