Showing 1 - 10 of 568
This paper examines various design strategies that might be employed to construct statistically more efficient stated choice designs in the presence of a reference alternative in a choice set. Using data collected in Sydney in 2004 in the context of trading time and cost attributes associated...
Persistent link: https://www.econbiz.de/10005228000
Discrete choice experiments are conducted in the transport field to obtain data for investigating travel behaviour and derived measures such as the value of travel time savings. The multinomial logit (MNL) and other more advanced discrete choice models (e.g., the mixed MNL model) have often been...
Persistent link: https://www.econbiz.de/10008868996
Random coefficient logit (RCL) models containing random parameters are increasingly used for modelling travel choices. Willingness-to-pay (WTP) measures, such as the value of travel time savings (VTTS) are, in the case of RCL models estimated in preference space, ratios of random parameters. In...
Persistent link: https://www.econbiz.de/10010730398
Choice modelling is an increasingly important technique for forecasting and valuation, with applications in fields such as transportation, health and environmental economics. For this reason it has attracted attention from leading academics and practitioners and methods have advanced...
Persistent link: https://www.econbiz.de/10011179403
In each stated choice (SC) survey, there is an underlying experimental design from which the hypothetical choice situations are determined. These designs are constructed by the analyst, with several different ways of constructing these designs having been proposed in the past. Recently, there...
Persistent link: https://www.econbiz.de/10008488160
The greatest hurdle facing road pricing reform is political commitment. With rare exception, efforts to introduce significant reform in road pricing, aimed at raising sufficient revenue to ensure that road investment and ongoing maintenance is secured, without an additional impost to users above...
Persistent link: https://www.econbiz.de/10010869281
There is a growing interest in seeking out rules that individuals invoke when processing information in choice experiments. A rule that is attracting attention in stated choice studies is the extent to which respondents attend to or ignore one or more attributes in processing the information on...
Persistent link: https://www.econbiz.de/10009202139
Individuals when faced with choices amongst a number of alternatives often adopt a variety of processing rules, ranging from simple linear to complex non-linear treatment of each attribute defining the offer of each alternative. In this paper we investigate the presence of asymmetry in...
Persistent link: https://www.econbiz.de/10009202405
This paper presents a qualitative assessment of the risk perceptions held by key Australian stakeholder groups in the context of tollroads operated under the public-private-partnership model. The findings confirm that experience accumulated in recent years has contributed toward the betterment...
Persistent link: https://www.econbiz.de/10008863056
Underground low-voltage electricity networks have several advantages over overhead networks including reliability of supply, safety and improved visual amenity. The economic viability of replacing existing overhead networks with new underground networks depends on the value of these benefits to...
Persistent link: https://www.econbiz.de/10008914489