A new family of qualitative choice models: An application of reference models to travel mode choice

Helene Bouscasse Newinger (), Iragaël Joly and Jean Peyhardi ()
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Helene Bouscasse Newinger: CESAER - Centre d'Economie et de Sociologie Rurales Appliquées à l'Agriculture et aux Espaces Ruraux - INRA - Institut National de la Recherche Agronomique - AgroSup Dijon - Institut National Supérieur des Sciences Agronomiques, de l'Alimentation et de l'Environnement
Jean Peyhardi: IGF - Institut de Génomique Fonctionnelle - INSERM - Institut National de la Santé et de la Recherche Médicale - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique, CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper considers the recently introduced family of reference models dedicated to non-ordered alternatives. The link function of reference models is that of the multinomial logit model (MNL) replacing the logistic cumulative distribution function (cdf) by other cdfs (e.g., Gumbel, Student). We determine all usual economic outputs (willingness-to-pay, elasticities,...). We also show that the IIA property generally does not hold for this family of models, because of their noninvariance to the alternative chosen as a reference. We estimate and compare five reference models to the MNL on a travel mode-choice survey: according to the chosen cdf, reference models lead to a better fit and retrieve consistent economic outputs estimations even when there is a high unobserved heterogeneity.

Keywords: Link function; Discrete choice model; Generalized linear model; Individual choice behavior (search for similar items in EconPapers)
Date: 2019
Note: View the original document on HAL open archive server: https://hal.science/hal-01984289v1
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Citations: View citations in EconPapers (6)

Published in Transportation Research Part B: Methodological, 2019, 121 (March), pp.74-91. ⟨10.1016/j.trb.2018.12.010⟩

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Journal Article: A new family of qualitative choice models: An application of reference models to travel mode choice (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01984289

DOI: 10.1016/j.trb.2018.12.010

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