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In this paper we extend the independent availability logit and combined latent class mixed logit models to accommodate respondents with different consideration sets due to their cost thresholds and cut-offs. Pertinent features of our model are that it is estimated in WTP-space and that the...
Persistent link: https://www.econbiz.de/10011049911
Modern panel surveys frequently suffer from high and likely non-ignorable attrition, and transportation surveys suffer from poor travel time estimates. This paper examines new methods for adjusting forecasts and model estimates to account for these problems. The methods we describe are...
Persistent link: https://www.econbiz.de/10011130997
Persistent link: https://www.econbiz.de/10011104475
This paper compares recent experiences in contract negotiation and subsequent commitment in public air services with the bus industry. The heart of the paper is a survey of European and Australian regional airlines, which we mirror with revealed experiences of bus operators. We aim to identify a...
Persistent link: https://www.econbiz.de/10011039334
With the aim to improve efficiency and value for money, in addition to tendered services the European Commission approach to rail organisation allows substantial open access rail services in both passenger and freight operations. This paper investigates, from a transaction cost perspective,...
Persistent link: https://www.econbiz.de/10011115812
This paper reports the findings of a comparative analysis of bus rapid transit (BRT) performance using information on cross-section data of 121 BRT systems throughout the world, in which random effects regression is employed as the modelling framework for stand alone patronage and ridership...
Persistent link: https://www.econbiz.de/10011115816
Both research and international experience have shown that, whilst BRT services allow suburban areas to be provided with a reasonable level of transit access at an acceptable cost, Heavy Rail offers higher perceived benefits to communities even where BRT performs the same or better in terms of...
Persistent link: https://www.econbiz.de/10011115817
Discrete choice (DC) models are often used to describe consumer behaviour at a disaggregate level. At this level, a choice decision is defined in terms of a set of alternatives representing different ‘varieties’ of a particular product differentiated mainly by their quality attributes rather...
Persistent link: https://www.econbiz.de/10011117147
This paper introduces a four-state failure model to depict a wider range of distress scenarios that public companies typically face in the real world. We use a multinomial error component logit model to analyse firm failure, a major advance on the modelling techniques used in previous research....
Persistent link: https://www.econbiz.de/10005267293
Interest at the political level in congestion charging is gaining pace as cities struggle with ways to reduce the effects of growing traffic congestion on the liveability of cities. Despite a long history of promotion of a wide array of travel demand management (TDM) initiatives, very few have...
Persistent link: https://www.econbiz.de/10005270885