The likelihood functions of multinomial probit (MNP)-based choice models entail the evaluation of analytically-intractable integrals. As a result, such models are usually estimated using maximum simulated likelihood (MSL) techniques. Unfortunately, for many practical situations, the...

This paper evaluates the ability of the maximum approximate composite marginal likelihood (MACML) estimation approach to recover parameters from finite samples in mixed cross-sectional and panel multinomial probit models. Comparisons with the maximum simulated likelihood (MSL) estimation...

Bringing together insights and perspectives from close to 70 of the world’s leading experts in the field, this timely Handbook provides an up-to-date guide to the most recent and state-of-the-art advances in transport economics. The comprehensive coverage includes topics such as the...

type="main" <title type="main">ABSTRACT</title> <p>This paper proposes a new spatial multivariate model to predict the count of new businesses at a county level in the state of Texas. Several important factors including agglomeration economies/diseconomies, industrial specialization indices, human capital, fiscal conditions,...</p>

Multiple-discrete continuous choice models formulated and applied in recent years consider a single linear resource constraint, which, when combined with consumer preferences, determines the optimal consumption point. However, in reality, consumers face multiple resource constraints such as...

This paper develops a comprehensive representation to describe the activity-travel pattern of workers and proposes an analysis framework to model the activity-travel attributes identified in the representation. The analysis framework is based on a descriptive examination of activity-travel...

The research in this paper attempts to better understand the process by which activities are generated at an individual level. Activity-based travel analyses have gained popularity in recent years because they recognize the complexity of activity behavior and view travel as a derivative of this...

The research presented here makes an advance toward the inclusion of employment and income within a transportation framework based on the conceptual framework developed by the authors in a preceding paper. Employment and income are important determinants of travel behavior. They have been used...

This research paper is directed toward obtaining a better understanding of current work trip mode choice of commuters in suburban areas and the effectiveness of alternate demand reduction actions in alleviating congestion, based on a Chicago area study. The paper is particularly concerned with...

An individual's responsiveness to level-of-service variables affects her or his travel mode choice for a trip. This responsiveness will, in general, vary across individuals based on observed (to an analyst) and unobserved (to an analyst) individual characteristics. The current paper formulates a...