IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/92574.html
   My bibliography  Save this paper

A Microeconomic Theory–Based Latent Class Multiple Discrete–Continuous Choice Model of Time Use and Goods Consumption

Author

Listed:
  • Astroza, Sebastian
  • Pinjari, Abdul
  • Bhat, Chandra
  • Jara-Diaz, Sergio

Abstract

A microeconomic theory–based multiple discrete–continuous choice model was developed to accommodate (a) both time allocation and goods consumption as decision variables in the utility function, (b) both time and money budget constraints governing the activity participation and goods consumption decisions, (c) a finite probability of zero consumption and zero time allocation (i.e., corner solutions), and (d) technical constraints in the form of minimum consumption levels for any good that would be consumed and minimum time allocation for any activity conducted. The proposed model was applied in the form of a latent class model (to consider heterogeneity) on a Dutch data set to understand the determinants of weekly time use and goods consumption behavior.

Suggested Citation

  • Astroza, Sebastian & Pinjari, Abdul & Bhat, Chandra & Jara-Diaz, Sergio, 2017. "A Microeconomic Theory–Based Latent Class Multiple Discrete–Continuous Choice Model of Time Use and Goods Consumption," MPRA Paper 92574, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:92574
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/92574/1/MPRA_paper_92574.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Laurens Cherchye & Bram De Rock & Frederic Vermeulen, 2012. "Married with Children: A Collective Labor Supply Model with Detailed Time Use and Intrahousehold Expenditure Information," American Economic Review, American Economic Association, vol. 102(7), pages 3377-3405, December.
    2. Caleb Van Nostrand & Vijayaraghavan Sivaraman & Abdul Pinjari, 2013. "Analysis of long-distance vacation travel demand in the United States: a multiple discrete–continuous choice framework," Transportation, Springer, vol. 40(1), pages 151-171, January.
    3. Evans, Alan W, 1972. "On the Theory of the Valuation and Allocation of Time," Scottish Journal of Political Economy, Scottish Economic Society, vol. 19(1), pages 1-17, February.
    4. Takuya Satomura & Jaehwan Kim & Greg M. Allenby, 2011. "Multiple-Constraint Choice Models with Corner and Interior Solutions," Marketing Science, INFORMS, vol. 30(3), pages 481-490, 05-06.
    5. Jara-Díaz, Sergio R. & Astroza, Sebastian & Bhat, Chandra R. & Castro, Marisol, 2016. "Introducing relations between activities and goods consumption in microeconomic time use models," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 162-180.
    6. Sergio R. Jara-Diaz & Cristián A. Guevara, 2003. "Behind the Subjective Value of Travel Time Savings," Journal of Transport Economics and Policy, University of Bath, vol. 37(1), pages 29-46, January.
    7. Bhat, Chandra R., 2008. "The multiple discrete-continuous extreme value (MDCEV) model: Role of utility function parameters, identification considerations, and model extensions," Transportation Research Part B: Methodological, Elsevier, vol. 42(3), pages 274-303, March.
    8. Jara-Díaz, Sergio R. & Munizaga, Marcela A. & Greeven, Paulina & Guerra, Reinaldo & Axhausen, Kay, 2008. "Estimating the value of leisure from a time allocation model," Transportation Research Part B: Methodological, Elsevier, vol. 42(10), pages 946-957, December.
    9. Chandra R. Bhat, 1997. "An Endogenous Segmentation Mode Choice Model with an Application to Intercity Travel," Transportation Science, INFORMS, vol. 31(1), pages 34-48, February.
    10. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pellegrini, Andrea & Pinjari, Abdul Rawoof & Maggi, Rico, 2021. "A multiple discrete continuous model of time use that accommodates non-additively separable utility functions along with time and monetary budget constraints," Transportation Research Part A: Policy and Practice, Elsevier, vol. 144(C), pages 37-53.
    2. Jason Hawkins & Khandker Nurul Habib, 2023. "A multi-source data fusion framework for joint population, expenditure, and time use synthesis," Transportation, Springer, vol. 50(4), pages 1323-1346, August.
    3. Bhat, Chandra R. & Mondal, Aupal & Pinjari, Abdul Rawoof & Saxena, Shobhit & Pendyala, Ram M., 2022. "A multiple discrete continuous extreme value choice (MDCEV) model with a linear utility profile for the outside good recognizing positive consumption constraints," Transportation Research Part B: Methodological, Elsevier, vol. 156(C), pages 28-49.
    4. Kim, Sung Hoo & Mokhtarian, Patricia L., 2023. "Finite mixture (or latent class) modeling in transportation: Trends, usage, potential, and future directions," Transportation Research Part B: Methodological, Elsevier, vol. 172(C), pages 134-173.
    5. Mondal, Aupal & Bhat, Chandra R., 2021. "A new closed form multiple discrete-continuous extreme value (MDCEV) choice model with multiple linear constraints," Transportation Research Part B: Methodological, Elsevier, vol. 147(C), pages 42-66.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pellegrini, Andrea & Pinjari, Abdul Rawoof & Maggi, Rico, 2021. "A multiple discrete continuous model of time use that accommodates non-additively separable utility functions along with time and monetary budget constraints," Transportation Research Part A: Policy and Practice, Elsevier, vol. 144(C), pages 37-53.
    2. Jara-Díaz, Sergio R. & Astroza, Sebastian & Bhat, Chandra R. & Castro, Marisol, 2016. "Introducing relations between activities and goods consumption in microeconomic time use models," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 162-180.
    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. Héctor López-Ospina & Francisco Martínez & Cristián Cortés, 2015. "A time-hierarchical microeconomic model of activities," Transportation, Springer, vol. 42(2), pages 211-236, March.
    5. 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).
    6. Pinjari, Abdul Rawoof & Bhat, Chandra, 2021. "Computationally efficient forecasting procedures for Kuhn-Tucker consumer demand model systems: Application to residential energy consumption analysis," Journal of choice modelling, Elsevier, vol. 39(C).
    7. 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.
    8. Chandra Bhat & Abdul Pinjari, 2014. "Multiple discrete-continuous choice models: a reflective analysis and a prospective view," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 19, pages 427-454, Edward Elgar Publishing.
    9. Sikder, Sujan & Pinjari, Abdul Rawoof, 2013. "The benefits of allowing heteroscedastic stochastic distributions in multiple discrete-continuous choice models," Journal of choice modelling, Elsevier, vol. 9(C), pages 39-56.
    10. 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.
    11. Kuriyama, Koichi & Shoji, Yasushi & Tsuge, Takahiro, 2020. "The value of leisure time of weekends and long holidays: The multiple discrete–continuous extreme value (MDCEV) choice model with triple constraints," Journal of choice modelling, Elsevier, vol. 37(C).
    12. Rosales-Salas, Jorge & Jara-Díaz, Sergio R., 2017. "A time allocation model considering external providers," Transportation Research Part B: Methodological, Elsevier, vol. 100(C), pages 175-195.
    13. Mondal, Aupal & Bhat, Chandra R., 2021. "A new closed form multiple discrete-continuous extreme value (MDCEV) choice model with multiple linear constraints," Transportation Research Part B: Methodological, Elsevier, vol. 147(C), pages 42-66.
    14. Reinhard Hössinger & Florian Aschauer & Sergio Jara-Díaz & Simona Jokubauskaite & Basil Schmid & Stefanie Peer & Kay W. Axhausen & Regine Gerike, 2020. "A joint time-assignment and expenditure-allocation model: value of leisure and value of time assigned to travel for specific population segments," Transportation, Springer, vol. 47(3), pages 1439-1475, June.
    15. Chandra R. Bhat & Subodh K. Dubey & Mohammad Jobair Bin Alam & Waleed H. Khushefati, 2015. "A New Spatial Multiple Discrete-Continuous Modeling Approach To Land Use Change Analysis," Journal of Regional Science, Wiley Blackwell, vol. 55(5), pages 801-841, November.
    16. Astroza, Sebastian & Bhat, Prerna C. & Bhat, Chandra R. & Pendyala, Ram M. & Garikapati, Venu M., 2018. "Understanding activity engagement across weekdays and weekend days: A multivariate multiple discrete-continuous modeling approach," Journal of choice modelling, Elsevier, vol. 28(C), pages 56-70.
    17. Gosens, Tom & Rouwendal, Jan, 2018. "Nature-based outdoor recreation trips: Duration, travel mode and location," Transportation Research Part A: Policy and Practice, Elsevier, vol. 116(C), pages 513-530.
    18. 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.
    19. Jara-Diaz, Sergio, 2020. "Transport and time use: The values of leisure, work and travel," Transport Policy, Elsevier, vol. 86(C), pages 7-13.
    20. Saxena, Shobhit & Pinjari, Abdul Rawoof & Paleti, Rajesh, 2022. "A multiple discrete-continuous extreme value model with ordered preferences (MDCEV-OP): Modelling framework for episode-level activity participation and time-use analysis," Transportation Research Part B: Methodological, Elsevier, vol. 166(C), pages 259-283.

    More about this item

    Keywords

    Time use; multiple-discrete-continuous-choice;

    JEL classification:

    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:92574. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.