In multiple bounded discrete choice (MBDC) surveys, respondents indicate how certain they would be to vote in favor of a policy at different prices by choosing, for example, among “definitely yes”, “probably yes”, “not sure”, “probably no”, and “definitely no” response...

In this paper we present the neuro-fuzzy technology for the prediction of economic crisis of USA economy. Our findings support ANFIS models to traditional discrete choice models of Probit and Logit, indicating that the last models are not very useful for forecasting purposes. We have developed a...

Since population, which actually represents demand in any organised or rearranged service system, is the final target and recipient of every planning strategy or policy action, the success of locational analysis and the locational planning process, is largely determined upon the decision makers'...

We present an empirical model aimed at testing the relative income hypothesis and the effect of deprivation relative to mean income on subjective well-being. The main concern is to deal with subjective panel data in an ordered response model where error homoskedasticity is not assumed. A...

This paper develops and estimates a dynamic model of stock market participation, where consumers’ decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...

The two primary approaches to estimate marginal willingness-to-pay (MWTP) for differentiated goods are hedonics (Rosen, 1974) and discrete choice models (McFadden, 1974). Researchers have alluded to a duality between both models. The innovation in this paper is to show that the hedonic MWTP can...

This paper aims to build and empirically evaluate a discrete choice model of merger remedies as a basis for policy analysis. The database consists of 229 merger cases accepted in Phase I or Phase II of the European merger process between 1990 and 2005. We focus on the following question: Which...

The purpose of this paper is to present an airport and access mode choice model based on discrete choice theory. In particular, a nested logit-model approach is employed and alternatives are based on so-called "airport categories", which were formed from a demand-oriented point of view. For this...

Modelling airport choice of passengers has been a subject of interest for air transport scientists and airport managers already for a while. Wilken, Berster and Gelhausen have reported of a market segment specific model approach to airport choice in Germany in a paper entitled "Airport Choice in...