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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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    4. Jara-Diaz, Sergio, 2020. "Transport and time use: The values of leisure, work and travel," Transport Policy, Elsevier, vol. 86(C), pages 7-13.
    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. 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.
    7. 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.
    8. 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.
    9. Cinzia Cirillo & Kay Axhausen, 2010. "Dynamic model of activity-type choice and scheduling," Transportation, Springer, vol. 37(1), pages 15-38, January.
    10. 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.
    11. Poudel, Niranjan & Singleton, Patrick A., 2024. "Willingness to pay for changes in travel time and work time: A stated choice experiment of US commuters," Research in Transportation Economics, Elsevier, vol. 103(C).
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    13. Yao, Mingzhu & Wang, Donggen & Yang, Hai, 2017. "A game-theoretic model of car ownership and household time allocation," Transportation Research Part B: Methodological, Elsevier, vol. 104(C), pages 667-685.
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