Showing 1 - 6 of 6
Discrete choice experiments are conducted in the transport field to obtain data for investigating travel behaviour and derived measures such as the value of travel time savings. The multinomial logit (MNL) and other more advanced discrete choice models (e.g., the mixed MNL model) have often been...
Persistent link: https://www.econbiz.de/10008868996
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...
Persistent link: https://www.econbiz.de/10010730398
Choice modelling is an increasingly important technique for forecasting and valuation, with applications in fields such as transportation, health and environmental economics. For this reason it has attracted attention from leading academics and practitioners and methods have advanced...
Persistent link: https://www.econbiz.de/10011179403
In each stated choice (SC) survey, there is an underlying experimental design from which the hypothetical choice situations are determined. These designs are constructed by the analyst, with several different ways of constructing these designs having been proposed in the past. Recently, there...
Persistent link: https://www.econbiz.de/10008488160
The allocation of combinations of attribute levels to choice situations in stated choice (SC) experiments can have a significant influence upon the resulting study outputs once data is collected. Recently, a small but growing stream of research has looked at using what have become known as...
Persistent link: https://www.econbiz.de/10005279817
This paper examines various design strategies that might be employed to construct statistically more efficient stated choice designs in the presence of a reference alternative in a choice set. Using data collected in Sydney in 2004 in the context of trading time and cost attributes associated...
Persistent link: https://www.econbiz.de/10005228000