English, Article edition: Value of Travel Time Savings for University Students and Preference Heterogeneity Francisco Javier Amador Morera; Rosa Marina González Marrero

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/163010
Physical Description
  • article
Language
  • English

Edition details

Title
  • Value of Travel Time Savings for University Students and Preference Heterogeneity
Author
  • Francisco Javier Amador Morera
  • Rosa Marina González Marrero
Physical Description
  • article
Notes
  • This paper examines the sensitivity of value of travel time savings (VTTS) to assumptions on individual preferences in a random utility discrete choice framework. Preferences heterogeneity is incorporated by introducing random parameters and by interacting characteristics of travel modes with characteristics of the individual. The data set is a revealed preference survey on student travel mode choice. The results indicate that there is a systematic influence of gender on VTTS and additional heterogeneity is explained by unobserved characteristics. The evidence also suggests model specifications that impose preferences homogeneity tend to produce lower estimates of VTTS compared with more flexible structures that allow random variation of parameters over individuals. However, the degree of underestimation seems to be context dependent..
  • Random utility discrete choice models, preference heterogeneity, subjective value of travel time, random parameter logit.
  • RePEc:hpe:journl:y:2005:v:174:i:3:p:25-41
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment