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This paper provides an overview of some alternative conceptual definitions of travel time variability, discusses their implications about behaviour, and puts them into a broader context, including deviations from the underlying assumptions regarding rational behaviour. The paper then discusses...
Persistent link: https://www.econbiz.de/10012454675
Model misspecification is a serious issue since misspecification generally renders statistical inference invalid. However, specification testing of discrete choice models is rarely applied. This paper describes a nonparametric test procedure which uses a combination of smoothed residual plots...
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This paper develops a semiparametric methodology for the evaluation of the distribution of the value of travel time savings (VTTS) from binary choice data. Fosgerau (2004) deals with the case of just one time component. This paper extends to the case of several time components. The methodology...
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This paper reiterates the basic principles and rationale for valuing travel time savings. It explains the type of impacts that the valuation of travel time savings intends to capture and discusses whether and how those fundamental principles continue to hold with automation and increased...
Persistent link: https://www.econbiz.de/10012272131
This paper provides an overview of some alternative conceptual definitions of travel time variability, discusses their implications about behaviour, and puts them into a broader context, including deviations from the underlying assumptions regarding rational behaviour. The paper then discusses...
Persistent link: https://www.econbiz.de/10011786521