Valuing time with a joint mode choice-activity model

International Journal of Transport Economics

Volumn 33, Issue 2, 2006, Pages 193-210

  Munizaga, Marcela A ^a   Correia, Rodrigo ^b   Jara Díaz, Sergio R ^a   Ortúzar, Juan de Dios ^b  

^a UNIVERSITY OF CHILE   (Chile)

^b PONTIFICIA UNIVERSIDAD CATÓLICA DE CHILE   (Chile)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMETRICS; ESTIMATION METHOD; MODELING; TRAVEL DEMAND;

EID: 33747008993     PISSN: 03918440     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (26)

1. Armstrong, P. M., R. A. Garrido and J. de D. Ortúzar, 2001, "Confidence intervals to bound the value of time", Transportation Research, 37E, 143-161.
2. Barnard, P. O. and D. A. Hensher, 1992, "Joint estimation of a polychotomous discrete-continuous choice system: an analysis of the spatial distribution of retail expenditures", Journal of Transport Economics and Policy, 26, 299-312.
3. Ben-Akiva, M., D. McFadden, K. Train, J. Walker, C. Bhat, M. Bierlaire, D. Bolduc, A. Boersch-Supan, D. Brownstone, D. Bunch, A. Daly, A. De Palma, D. Gopinath, A. Karlstrom and M. A. Munizaga, 2002, "Hybrid choice models: progress and challenges", Marketing Letters, 13, 165-173.
4. Bhat, C. R., 1998, "A model of post-home arrival activity participation behaviour", Transportation Research, 32B, 387-400.
5. Bhat, C. R., 2001, "Modelling the commute activity-travel pattern of workers: formulation and empirical analysis", Transportation Science, 35, 61-79.
6. Bolduc, D., L. Khalaf and E. Moyneur, 2002, "Joint discrete/ continuous models with possibly weak identification" (Working Paper, Department of Economics, Université Laval, Québec).
7. Correia, R., 2003, "Especificación de Errores en Modelos Conjuntos de Asignación de Tiempo a Actividades y Viajes" (MSc Thesis, Pontificia Universidad Católica de Chile. in Spanish).
8. Daganzo, C. F., 1979, Multinomial Probit: The Theory and its Application to Demand Forecasting, Academic Press, New York.
9. De Jong, G. C., 1989, "Simulating car costs changes using an indirect utility model of car ownership and annual mileage" (Proceedings 17th PTRC Summer Annual Meeting, Brighton).
10. De Serpa, A., 1971, "A theory of the economics of time", The Economic Journal, 81, 828-846.
11. Dubin, J. and D. McFadden, 1984, "An econometric analysis of residential electric appliance holdings and consumption", Econometrica, 52, 345-362.
12. Gaudry, M. J. I., S. R. Jara-Díaz and J. de D. Ortúzar, 1989, "Value of time sensitivity to model specification", Transportation Research, 23B, 151-158.
13. Greene, W. H., 2003, Econometric Analysis. Fifth Edition, Prentice Hall, New Jersey.
14. Hanemann, W. M., 1984, "Discrete/continuous models of consumer demand", Econometrica, 52, 541-561.
15. Heckman, J. J., 1979, "Sample selection bias as a specification error", Econometrica, 47, 153-161.
16. Jara-Díaz, S. R., 2000, "Allocation and valuation of travel time savings", in: D. Hensher and K. Button, eds., Handbooks in Transport, Vol. 1: Transport Modelling (Pergamon Press, Oxford) 303-319.
17. Jara-Díaz, S. R. and C. A. Guevara, 2003, "Behind the subjective value of travel time savings: the perception of work, leisure and travel from a joint mode choice-activity model", Journal of Transport Economics and Policy, 37, 29-46.
18. Jara-Díaz, S. R. and R. Guerra, 2003, "Modeling activity duration and travel choice from a common microeconomic framework" (10th International Conference on Travel Behaviour Research, Lucerne, Switzerland).
19. Jara-Díaz, S. R., J. de D. Ortúzar and R. Parra, 1988, "Valor subjetivo del tiempo considerando efecto ingreso en la partición modal" (Actas del V Congreso Panamericano de Ingeniería de Tránsito y Transporte, Puerto Rico, in Spanish).
20. Krishnamurthi, L. and S. P. Raj, 1988, "A model of brand choice and purchase quantity price sensitivities", Marketing Science, 7, 1-20.
21. Lee, L. F., 1983, "Generalized econometric models with selectivity", Econometrica, 51, 507-512.
22. Ortúzar, J. de D., A.M. Ivelic, H. Malbrán and A. Thomas, 1993, "The 1991 Great Santiago origin-destination survey: methodological design and main results", Traffic Engineering and Control, 34, 362-368.
23. Ortúzar, J. de D. and L. G. Willumsen, 2001, Modelling Transport, Third Edition, John Wiley and Sons, Chichester.
24. Sanga, D., 1999, "Estimation des Modèles Econométriques de Choix Discrets/Continus avec Choix Polytomiques Interdépendants: Une Approche par Simulation » (PhD Thesis, Université Laval, Québec, in French).
25. Train, K., 2003, Discrete Choice Methods with Simulation, Cambridge University Press, Cambridge.
26. Train, K. and D. McFadden, 1978, "The goods/leisure trade off and disaggregate work trip mode choice models", Transportation Research, 12, 349-353.