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| Author: | Viton, P. A. |
| Title: | Will mixed logit change urban transport policies? |
| Journal: | Journal of Transport, Economics and Policy
2004 : SEP, VOL. 38:3, p. 403-423 |
| Index terms: | logit models transport urban environment |
| Language: | eng |
| Abstract: | This article discusses the mixed logit model, which provides a framework for studying discrete choice that avoids the Independence of Irrelevant Alternatives problem of standard logit, permits coefficients to vary over a population, and allows for the incorporation of unobserved heterogeneity into preferences. The sensitivity of one set of policy conclusions - the feasibility of private bus transit provision in urban corridors - to the specification of the choice model. It is argued that both models largely agree on the conditions permitting private transit; however, at the detailed management level, profit-maximising route structures and peak headways differ significantly as netween the two models, though fares do not. |
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