Long distance mode choice and distributions of values of travel time savings in three European countries
The study presented in this paper uses Stated Preferences (SP) data on mode choice collected as part of a recent survey on long distance travel undertaken in three European countries. The purpose of this article is twofold. It aims at exploring the impacts of the choice of mixing probability distributions while accounting for unobserved taste heterogeneity and it aims at focusing on the derived estimation of the distributions of values of travel time savings (VTTS). We compare eleven distributions, each having particular properties in terms of domain, location, scale, and shape. Due to the repetitive nature of the SP experiments, we estimate mixtures of Multinomial Logit (MNL) models for panel data. The results show that the mixing distributions differ from one country to another, suggesting existence of European disparities as it regards long-distance mode choice. The results also show that long-distance travellers pay a lot more attention to access and egress travel times to and from the main mode than to total travel time with the main mode.
Volume (Year): (2013)
Issue (Month): 53 ()
|Contact details of provider:|| |
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lee, Lung-Fei, 1995. "Asymptotic Bias in Simulated Maximum Likelihood Estimation of Discrete Choice Models," Econometric Theory, Cambridge University Press, vol. 11(03), pages 437-483, June.
- Kenneth Train, 2001.
"Halton Sequences for Mixed Logit,"
- Kenneth Train ., 2000. "Halton Sequences for Mixed Logit," Economics Working Papers E00-278, University of California at Berkeley.
- Train, Kenneth, 2000. "Halton Sequences for Mixed Logit," Department of Economics, Working Paper Series qt6zs694tp, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Hess, Stephane, 2007. "Posterior analysis of random taste coefficients in air travel behaviour modelling," Journal of Air Transport Management, Elsevier, vol. 13(4), pages 203-212.
- Fosgerau, Mogens & Hess, Stephane, 2008. "Competing methods for representing random taste heterogeneity in discrete choice models," MPRA Paper 10038, University Library of Munich, Germany.
- Pakes, Ariel & Pollard, David, 1989. "Simulation and the Asymptotics of Optimization Estimators," Econometrica, Econometric Society, vol. 57(5), pages 1027-57, September.
- Train,Kenneth E., 2009.
"Discrete Choice Methods with Simulation,"
Cambridge University Press, number 9780521747387, November.
- V A Hajivassiliou, 1997. "Some Practical Issues in Maximum Simulated Likelihood," STICERD - Econometrics Paper Series 340, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Mogens Fosgerau, 2004.
"Investigating the distribution of the value of travel time savings,"
0410005, EconWPA, revised 25 Nov 2004.
- Fosgerau, Mogens, 2006. "Investigating the distribution of the value of travel time savings," Transportation Research Part B: Methodological, Elsevier, vol. 40(8), pages 688-707, September.
- Mogens Fosgerau, 2004. "Investigating the distribution of the value of travel time savings," Urban/Regional 0411006, EconWPA.
- Bhat, Chandra R., 2003. "Simulation estimation of mixed discrete choice models using randomized and scrambled Halton sequences," Transportation Research Part B: Methodological, Elsevier, vol. 37(9), pages 837-855, November.
- Joan L. Walker & Moshe Ben-Akiva & Denis Bolduc, 2007. "Identification of parameters in normal error component logit-mixture (NECLM) models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(6), pages 1095-1125.
- David Hensher, 2006. "The Signs of the Times: Imposing a Globally Signed Condition on Willingness to Pay Distributions," Transportation, Springer, vol. 33(3), pages 205-222, 05.
When requesting a correction, please mention this item's handle: RePEc:sot:journl:y:2013:i:53:p:1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Romeo Danielis)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.