Understanding many-to-many matching relationship and its correlation with joint response

Dapeng Zhang and (Cara) Wang, Xiaokun

Transportation Research Part B: Methodological, 2018, vol. 108, issue C, 249-260

Abstract: Many-to-many matching relationship in a two-sided market has been widely observed in today's transportation activities. Observation of such matching relationship raises some interesting questions: what factors drive the matching of two agents? Is the formation of matching relationship related with joint behavior which may lead to different understandings of planning and operation? To answer these questions, econometric models may be the best methodology. However, to the authors’ best knowledge, there lacks a well-established econometric model to explain the observed data that contains matching relationship in a two-sided transportation market. Therefore, this paper proposes an innovative ordinal joint response model to bridge the gap. The proposed model consists of two regression equations: the first uses a latent dependent variable to disentangle the many-to-many matching relationship; the second specifies an ordered probit equation to investigate the ordinal outcome of joint behavior. Error terms of the two equations are assumed correlated to capture the correlation of the matching process and joint behavior. An example of airline-airport matching is used to demonstrate the proposed model.

Keywords: Many-to-many; Joint response; Matching model; Sample selection; Bayesian MCMC (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S019126151730156X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:transb:v:108:y:2018:i:c:p:249-260

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.trb.2017.12.011

Access Statistics for this article

Transportation Research Part B: Methodological is currently edited by Fred Mannering

More articles in Transportation Research Part B: Methodological from Elsevier
Bibliographic data for series maintained by Catherine Liu ().