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The nested logit model has been used extensively to model multi-dimensional choice situations. A drawback of the nested logit model is that it does not allow choice alternatives to share common unobserved attributes along all the dimensions characterizing the multidimensional choice context....
Persistent link: https://www.econbiz.de/10005279679
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In recent years, there have been important developments in the simulation analysis of the mixed multinomial logit model as well as in the formulation of increasingly flexible closed-form models belonging to the generalized extreme value class. In this paper, we bring these developments together...
Persistent link: https://www.econbiz.de/10005279702
This paper jointly examines the length between successive participations in several activity purposes using a 1999 multi-week travel survey conducted in the German cities of Halle and Karlsruhe. A multivariate hazard model that accommodates a flexible duration dynamics structure, recognizes the...
Persistent link: https://www.econbiz.de/10005279717
Many consumer choice situations are characterized by the simultaneous demand for multiple alternatives that are imperfect substitutes for one another. A simple and parsimonious multiple discrete-continuous extreme value (MDCEV) econometric approach to handle such multiple discreteness was...
Persistent link: https://www.econbiz.de/10005279822
This paper uses revealed preference and stated preference data collected from a web-based commuter survey in Austin, Texas, to estimate a commute mode choice model. This model accommodates weekly and daily commute and midday stop-making behavior, as well as travel time reliability. A mixed logit...
Persistent link: https://www.econbiz.de/10005279872
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The use of simulation techniques has been increasing in recent years in the transportation and related fields to accommodate flexible and behaviorally realistic structures for analysis of decision processes. This paper proposes a randomized and scrambled version of the Halton sequence for use in...
Persistent link: https://www.econbiz.de/10005228015
The nested logit model relaxes the 'independence of irrelevant alternatives' (IIA) property of the multinomial logit model by grouping alternatives based on their degree of substitution. Alternatives in a nest exhibit an identical degree of increased sensitivity relative to alternatives not in...
Persistent link: https://www.econbiz.de/10005228040
In many spatial analysis contexts, the variable of interest is discrete and there is spatial clustering of observations. This paper formulates a model that accommodates clustering along more than one dimension in the context of a discrete response variable. For example, in a travel mode choice...
Persistent link: https://www.econbiz.de/10005228062