Recent econometric advances have made it possible to empirically identify the varied nature of consumers' preferences. We apply these advances to study commuters' preferences for speedy and reliable highway travel with the objective of exploring efficiency and distributional effects of road...

We explore the properties of various types of public and private pricing on a congested road network, with heterogeneous users and allowing for elastic demand. Heterogeneity is represented by a continuum of values of time. The network allows us to model certain features of real-world...

A generalization of the multinomial logit (MNL) model is developed for cases where discrete alternatives are ordered, by allowing stochastic correlation among alternatives in close proximity. The model belongs to the Generalized Extreme Value class and is therefore consistent with random utility...