Modelling inertia and shock effects with panel data: An application to mode choice in Santiago

María Francisca Yáñez, Elisabetta Cherchi and Juan de Dios Ortúzar

Transportation Research Part A: Policy and Practice, 2025, vol. 199, issue C

Abstract: The mode choice process, especially in the case of commuter trips, reflects the strong tendency people have to simplify the assessment of their options when confronted with successive well-known decisions. Thus, repeating a “habitual” choice involving a potentially important inertia element over time is expected. However, while inertia effects increase the probability of maintaining the same choice in a stable situation, in a changing environment disrupted by a radical or significant policy intervention, user behaviour may be affected by a specific response to abrupt changes. Shock effects of this kind could increase the probability of individuals leaving their habitual choices.

Keywords: Discrete choice models; Panel data; Habit and inertia; Shock effects; Validation (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1016/j.tra.2025.104593

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