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The evaluation of transportation projects has traditionally been carried out in the context of economic efficiency in terms of savings in travel time, vehicle operating cost, and safety. The broader long-term effects on economic development (i.e., job, income and business growth) are a concern...
Persistent link: https://www.econbiz.de/10009430787
The evaluation of transportation projects has traditionally been carried out in the context of economic efficiency, in terms of savings in travel time, vehicle operating cost, and safety. The wider and longer-term effects on economic development (i.e., job, income and business growth) are a...
Persistent link: https://www.econbiz.de/10009430843
Statisticians along with other scientists have made significant computational advances that enable the estimation of formerly complex statistical models. The Bayesian inference framework combined with Markov chain Monte Carlo estimation methods such as the Gibbs sampler enable the estimation of...
Persistent link: https://www.econbiz.de/10009483405