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Econometric Calibration of the Joint Time Assignment--Mode Choice Model

Author

Listed:
  • Marcela Munizaga

    (Departamento de Ingeniería Civil, Universidad de Chile, Santiago, Chile)

  • Sergio Jara-Díaz

    (Departamento de Ingeniería Civil, Universidad de Chile, Santiago, Chile)

  • Paulina Greeven

    (Departamento de Ingeniería Civil, Universidad de Chile, Santiago, Chile)

  • Chandra Bhat

    (Department of Civil, Architectural and Environmental Engineering, University of Texas at Austin, Austin, Texas 78712)

Abstract

This paper describes the derivation and the econometric calibration of a joint time assignment--mode choice model with a microeconomic foundation, to be applied to the TASTI (time assignment travel and income) database. The econometric procedure is a full information maximum likelihood with three nonlinear continuous equations and one discrete choice. We use Lee's transformation [Lee, L. F. 1983. Generalized econometric models with selectivity. Econometrica 51 507--512] to include correlations between the continuous and discrete equations. This allows us to estimate (a) the value of time as a resource or value of assigning time to a pleasurable activity, (b) the value of assigning time to work, and (c) the value of assigning time to travel. We apply the method and obtain reasonable results. Finally, we identify some econometric challenges for further research.

Suggested Citation

  • Marcela Munizaga & Sergio Jara-Díaz & Paulina Greeven & Chandra Bhat, 2008. "Econometric Calibration of the Joint Time Assignment--Mode Choice Model," Transportation Science, INFORMS, vol. 42(2), pages 208-219, May.
    • Handle: RePEc:inm:ortrsc:v:42:y:2008:i:2:p:208-219
    DOI: 10.1287/trsc.1080.0231
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    References listed on IDEAS

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    2. Jokubauskaitė, Simona & Hössinger, Reinhard & Aschauer, Florian & Gerike, Regine & Jara-Díaz, Sergio & Peer, Stefanie & Schmid, Basil & Axhausen, Kay W. & Leisch, Friedrich, 2019. "Advanced continuous-discrete model for joint time-use expenditure and mode choice estimation," Transportation Research Part B: Methodological, Elsevier, vol. 129(C), pages 397-421.
    3. Schmid, Basil & Molloy, Joseph & Peer, Stefanie & Jokubauskaite, Simona & Aschauer, Florian & Hössinger, Reinhard & Gerike, Regine & Jara-Diaz, Sergio R. & Axhausen, Kay W., 2021. "The value of travel time savings and the value of leisure in Zurich: Estimation, decomposition and policy implications," Transportation Research Part A: Policy and Practice, Elsevier, vol. 150(C), pages 186-215.
    4. Marcela Munizaga & Sergio Jara-Díaz & Javiera Olguín & Jorge Rivera, 2011. "Generating twins to build weekly time use data from multiple single day OD surveys," Transportation, Springer, vol. 38(3), pages 511-524, May.
    5. Badiola, Nicolás & Raveau, Sebastián & Galilea, Patricia, 2019. "Modelling preferences towards activities and their effect on departure time choices," Transportation Research Part A: Policy and Practice, Elsevier, vol. 129(C), pages 39-51.
    6. Simona Jokubauskaitė & Reinhard Hössinger & Sergio Jara-Díaz & Stefanie Peer & Alyssa Schneebaum & Basil Schmid & Florian Aschauer & Regine Gerike & Kay W. Axhausen & Friedrich Leisch, 2022. "The role of unpaid domestic work in explaining the gender gap in the (monetary) value of leisure," Transportation, Springer, vol. 49(6), pages 1599-1625, December.
    7. Cinzia Cirillo & Kay Axhausen, 2010. "Dynamic model of activity-type choice and scheduling," Transportation, Springer, vol. 37(1), pages 15-38, January.
    8. Florian Aschauer & Inka Rösel & Reinhard Hössinger & Heinz Brian Kreis & Regine Gerike, 2019. "Time use, mobility and expenditure: an innovative survey design for understanding individuals’ trade-off processes," Transportation, Springer, vol. 46(2), pages 307-339, April.
    9. Jara-Díaz, Sergio & Candia, Diego, 2020. "A new look at the value of leisure in two-worker households," Economics of Transportation, Elsevier, vol. 24(C).
    10. Jara-Diaz, Sergio, 2020. "Transport and time use: The values of leisure, work and travel," Transport Policy, Elsevier, vol. 86(C), pages 7-13.
    11. Jara-Díaz, Sergio & Rosales-Salas, Jorge, 2017. "Beyond transport time: A review of time use modeling," Transportation Research Part A: Policy and Practice, Elsevier, vol. 97(C), pages 209-230.
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    13. Castro, Marisol & Bhat, Chandra R. & Pendyala, Ram M. & Jara-Díaz, Sergio R., 2012. "Accommodating multiple constraints in the multiple discrete–continuous extreme value (MDCEV) choice model," Transportation Research Part B: Methodological, Elsevier, vol. 46(6), pages 729-743.

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