A new approach for the estimation of bid-rent functions for residential location choice is proposed. The method is based on the bid-auction approach and considers that the expected maximum bid of the auction is a latent variable that can be related to observed price indicators through a...

Latent class models are a convenient and intuitive way to introduce taste heterogeneity in discrete choice models by relating attributes of the decision makers with unobserved behavioral classes, hence allowing for a more accurate market segmentation. Estimation and specification of latent class...

Microsimulation of urban systems evolution requires synthetic population as a key input. Currently, the focus is on treating synthesis as a fitting problem and thus various techniques have been developed, including Iterative Proportional Fitting (IPF) and Combinatorial Optimization based...

The traditional formulation of logit models applied to transport demand assumes a compensatory (indirect) utility function in which the consumers' strategy assumes a trade-off between attributes. Several authors have criticized this approach because it fails to recognize attribute thresholds in...

This paper presents a dynamic equilibrium model for the real estate market. Households have stochastic behavior and compete for quasi-unique locations (real estate goods), which are assigned to the best bidder through an auction-type mechanism. The producers are modeled as maximizers of their...

This article presents a summary of the analyses and set of recommendations given by a committee of transit specialists gathered by the Minister of Transport of Chile aiming at improving Transantiago, the new transit system recently inaugurated for Santiago. This summary focuses on those...

In high-demand bus networks, limited-stop services promise benefits for both users and operators, and have proven their attractiveness in systems such as Transmilenio (Bogota, Colombia) and Transantiago (Santiago, Chile). The design of these services involves defining their itinerary, frequency...

This article presents a route choice model for public transit networks that incorporates variables related to network topology, complementing those found in traditional models based on service levels (travel time, cost, transfers, etc.) and users' socioeconomic and demographic characteristics...

Marginal productivity of salesforce (excluding checkout clerks) in a retail store is difficult to assess. An analytical model is presented here explaining this productivity using salesforce workers per hour as the factor of production (the explanatory variable) and sales transactions per hour as...

ResumenEl presente trabajo analiza la relación entre la concentración de la propiedad rural y el producto agrícola para el departamento de Antioquia y se plantea una metodología para la validación de esta relación a nivel estadístico. Además, se desarrolla una descripción por...