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Discrete Choice Models: The Case of Transportation in Cartagena De Indias

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  • Daniel Toro Gonzalez

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Abstract

This paper revisits the data set collected by (Toro, Alvis and Arellano 2005) in order to use it contrasting the results with some well known models in transportation. Using different discrete choice models such as probit and conditional logit, the results show that the competitive advantage of other transportation modes over bus is their lower travel time and the time waiting. Additionally, it was found that a traveler facing equal times and costs would prefer bus rather than other alternatives.

Suggested Citation

  • Daniel Toro Gonzalez, 2010. "Discrete Choice Models: The Case of Transportation in Cartagena De Indias," DOCUMENTOS DE TRABAJO 007358, UNIVERSIDAD TECNOLÓGICA DE BOLÍVAR.
  • Handle: RePEc:col:000162:007358
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    File URL: http://ssrn.com/abstract=1670184
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    Keywords

    Transportation; discrete choice model; multinomial; conditiona;

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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