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TRIMIS

The Implications of Income, Taste and Substitution Effects for the Assessment of User Benefits Using Discrete Choice Models

PROJECTS
Funding
United Kingdom
United Kingdom Flag
Duration
-
Status
Complete
Geo-spatial type
Network corridors
STRIA Roadmaps
Smart mobility and services (SMO)
Transport mode
Multimodal icon
Transport policies
Decarbonisation,
Societal/Economic issues
Transport sectors
Freight transport

Overview

Background & Policy context

The overall aim of the research is to develop a better understanding of the likely effect on policy appraisal of the increasing use of advanced discrete choice models of mixed multinomial logit (MMNL) and extended generalised extreme value (GEV) form. An investigation will also be carried out into the extent to which heterogeneity of tastes, complex substitution patterns and income effects would, if present and detected by such models, affect the appraisal of transport policy measures (relative to current MNL/NL approaches).<?xml:namespace prefix = o ns = 'urn:schemas-microsoft-com:office:office' />

Objectives

The specific objectives are to develop recommendations regarding how welfare assessment should be carried out using different mixed multinomial logit (MMNL) and generalised extreme value (GEV) model forms and utility specifications.

Funding

Parent Programmes
Institution Type
Public institution
Institution Name
Department for Transport
Type of funding
Public (national/regional/local)

Partners

Lead Organisation
EU Contribution
€0
Partner Organisations
EU Contribution
€0

Technologies

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