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

Project

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


Funding origin:
United Kingdom
United Kingdom
STRIA Roadmaps:
Smart mobility and services (SMO)
Smart mobility and services
Transport mode:
Multimodal
Multimodal
Transport sectors:
Freight transport
Freight transport
Duration:
Start date: 01/07/2003,
End date: 01/07/2004

Status: Finished
Funding details:

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.

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