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Valuing Travel Attributes of Rural Feeder Service to Bus Stop: A Comparison of Different Logit Model Specifications

Sekhar Das, Sudhanshu and Maitra, Bhargab and Boltze, Manfred (2009):
Valuing Travel Attributes of Rural Feeder Service to Bus Stop: A Comparison of Different Logit Model Specifications.
135, In: ASCE – American Society of Civil Engineers Journal of Transportation Engineering, (6), pp. 330-337, ISSN 0733-947X, [Online-Edition: http://www.verkehr.tu-darmstadt.de/media/verkehr/fgvv/prof_b...],
[Article]

Abstract

A stated choice experimentation is carried out to capture the responses of rural commuters for feeder service to a bus stop. The data are analyzed for calculating users' willingness-to-pay (WTP) values using different model specifications such as multinomial logit model, nested logit model, covariance heterogeneity nested logit model, and random parameter logit model. Random parameter logit models are developed assuming constrained triangular distribution of random parameters. A comparison of WTP values obtained from different models indicates the importance of model specification in the estimation of WTP values. It is suggested that the selection of the model should be based on the rationality of model specification and its goodness of fit for a given dataset. The paper also documents experience and findings on WTP values for rural trip makers in a developing country context.

Item Type: Article
Erschienen: 2009
Creators: Sekhar Das, Sudhanshu and Maitra, Bhargab and Boltze, Manfred
Title: Valuing Travel Attributes of Rural Feeder Service to Bus Stop: A Comparison of Different Logit Model Specifications
Language: English
Abstract:

A stated choice experimentation is carried out to capture the responses of rural commuters for feeder service to a bus stop. The data are analyzed for calculating users' willingness-to-pay (WTP) values using different model specifications such as multinomial logit model, nested logit model, covariance heterogeneity nested logit model, and random parameter logit model. Random parameter logit models are developed assuming constrained triangular distribution of random parameters. A comparison of WTP values obtained from different models indicates the importance of model specification in the estimation of WTP values. It is suggested that the selection of the model should be based on the rationality of model specification and its goodness of fit for a given dataset. The paper also documents experience and findings on WTP values for rural trip makers in a developing country context.

Journal or Publication Title: ASCE – American Society of Civil Engineers Journal of Transportation Engineering
Volume: 135
Number: 6
Divisions: 13 Department of Civil and Environmental Engineering Sciences > Institutes of Transportation > Institute for Transport Planning and Traffic Engineering
13 Department of Civil and Environmental Engineering Sciences > Institutes of Transportation
13 Department of Civil and Environmental Engineering Sciences
Date Deposited: 28 Apr 2017 20:23
Official URL: http://www.verkehr.tu-darmstadt.de/media/verkehr/fgvv/prof_b...
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