Selection Bias in Value of Travel Time Savings

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Open Access

Field	Value	Language
dc.contributor.author	Mabit, Stefan L
dc.date.accessioned	2018-11-22
dc.date.available	2018-11-22
dc.date.issued	2006-03-01
dc.identifier.issn	1832-570X
dc.identifier.uri	http://hdl.handle.net/2123/19284
dc.description.abstract	In this paper we investigate the value of travel time savings. Estimation of this is in most cases based on samples using a specific mode. We use a mixed logit model to estimate the VTTS together with an auxiliary probit equation to capture the fact that the sample is non random. The results show that the probit equation in some cases gives extra information that can be used to improve the VTTS estimates from the mixed logit model. Hence this opens a way to investigate the possible selection bias in standard estimations of VTTS.	en
dc.relation.ispartofseries	ITLS-WP	en
dc.rights	Other	en
dc.subject	Discrete choice, value of travel time savings, mixed logit and selection bias.	en
dc.title	Selection Bias in Value of Travel Time Savings	en
dc.type	Working Paper	en
usyd.faculty	The University of Sydney Business School, Institute of Transport and Logistics Studies (ITLS)	en
usyd.citation.volume	06-03	en