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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
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    File URL: http://dx.doi.org/10.1287/trsc.1080.0231
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    References listed on IDEAS

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    Cited by:

    1. Cinzia Cirillo & Kay Axhausen, 2010. "Dynamic model of activity-type choice and scheduling," Transportation, Springer, vol. 37(1), pages 15-38, January.
    2. repec:kap:transp:v:46:y:2019:i:2:d:10.1007_s11116-018-9961-9 is not listed on IDEAS
    3. 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.
    4. repec:eee:transb:v:104:y:2017:i:c:p:667-685 is not listed on IDEAS

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