Public transport patronage has been continuously declining in major Korean cities as levels of car ownership rise. Public transport has lost its competitive edge to private cars because people tend to prefer more convenient modes as their income increases. A promising way to reverse this trend...

This paper explores the impact that advances in Information and Communication Technology (ICT) have on the behaviour of transport users and their mode choice habits in Seoul. It discusses the stated preference survey conducted in Seoul and the analysis carried out using the discrete choice...

This paper explores the impact that advances in Information and Communication Technology (ICT) have on the behaviour of transport users and their mode choice habits in Seoul. It discusses the stated preference survey conducted in Seoul and the analysis carried out using the discrete choice...

This paper proposes a tail-truncated stochastic frontier model that allows for the truncation of technical efficiency from below. The truncation bound implies the inefficiency threshold for survival and also can be used as a measure of market competition. Specifically, this paper assumes a...

This paper explores the impact that advances in Information and Communication Technology (ICT) have on the behaviour of transport users and their mode choice habits in Seoul. It discusses the stated preference survey conducted in Seoul and the analysis carried out using the discrete choice...

Public transport patronage has been continuously declining in major Korean cities as levels of car ownership rise. Public transport has lost its competitive edge to private cars because people tend to prefer more convenient modes as their income increases. A promising way to reverse this trend...

Full paper is available at: "https://ssrn.com/abstract=3233422" https://ssrn.com/abstract=3233422This online appendix contains all the proofs of the main results in Han and Lee (2018), technical assumptions, and additional simulation results. Section A contains the proofs of the...

Online appendix is available at: "https://ssrn.com/abstract=3346834" https://ssrn.com/abstract=3346834The purpose of this paper is to provide guidelines for empirical researchers who use a class of bivariate threshold crossing models with dummy endogenous variables. A common practice employed by...

We use a representative panel dataset to estimate the upward mobility of education in South Korea. Generally, over 57.2% of individuals attain education level greater than or equivalent to their parents regarding their relative ranks. We also compare the upward mobility between senior and young...

This paper proposes a one-step sieve estimator of the parameter in the semiparametric triangular model for quantile regression of Lee (2007). The proposed estimator is a penalized sieve minimum distance (PSMD) estimator developed by Chen and Pouzo (2009). We develop the asymptotic theory for the...