Bliemer, Michiel C.J.; Rose, John M. - In: Transportation Research Part B: Methodological 58 (2013) C, pp. 199-214
Random coefficient logit (RCL) models containing random parameters are increasingly used for modelling travel choices. Willingness-to-pay (WTP) measures, such as the value of travel time savings (VTTS) are, in the case of RCL models estimated in preference space, ratios of random parameters. In...