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Quasi-random number sequences have been used extensively for many years in the simulation of integrals that do not have a closed-form expression, such as Mixed Logit and Multinomial Probit choice probabilities. Halton sequences are one example of such quasi-random number sequences, and various...
Persistent link: https://www.econbiz.de/10005191589
Most applications of discrete choice models in transportation now utilise a random coefficient specification, such as mixed logit, to represent taste heterogeneity. However, little is known about the ability of these models to capture the heterogeneity in finite samples (as opposed to...
Persistent link: https://www.econbiz.de/10009143129
We describe the properties of (t,m,s)-nets and Halton draws. Four types of (t,m,s)-nets, two types of Halton draws, and independent draws are compared in an application of maximum simulated likelihood estimation of a mixed logit model. All of the quasi-random procedures are found to perform far...
Persistent link: https://www.econbiz.de/10005191818
We identify seven areas in which recent research on auto demand has made significant progress. We discuss the importance of these areas in understanding and predicting auto demand and describe the methods that researchers have used to address them. Finally, we identify the issues that this...
Persistent link: https://www.econbiz.de/10005279806
Constructing stated-preference (sp) experiments from a choice that the respondent made in a revealed-preference setting can enhance the realism of the sp task and the efficacy of preference revelation. However, the practice creates dependence between the sp attributes and unobserved factors,...
Persistent link: https://www.econbiz.de/10005279911
We compare multinomial logit and mixed logit models for data on California households' revealed and stated preferences for automobiles. The stated preference (SP) data elicited households' preferences among gasoline, electric, methanol, and compressed natural gas vehicles with various...
Persistent link: https://www.econbiz.de/10005115242
Persistent link: https://www.econbiz.de/10005228257
Persistent link: https://www.econbiz.de/10005191476
This study presents a joint model system of residential location and activity time-use choices that considers a comprehensive set of activity-travel environment (ATE) variables, as well as socio-demographic variables, as determinants of individual weekday activity time-use choices. The model...
Persistent link: https://www.econbiz.de/10005022869
The interplay between congestion and crowding externalities in the design of urban bus systems is identified and analysed. A multimodal social welfare maximisation model with spatially disaggregated demand is developed, in which users choose between travelling by bus, car or walking in a...
Persistent link: https://www.econbiz.de/10010753662