Development and estimation of a semi-compensatory model with flexible error structure

Publication: Research - peer-reviewArticle in proceedings – Annual report year: 2009

Standard

Development and estimation of a semi-compensatory model with flexible error structure. / Kaplan, Sigal; Shiftan, Yoram; Bekhor, Shlomo.

Proceedings of the 12th International Conference on Travel Behavior Research. The International Association for Travel Behaviour Research, 2009.

Publication: Research - peer-reviewArticle in proceedings – Annual report year: 2009

Harvard

Kaplan, S, Shiftan, Y & Bekhor, S 2009, 'Development and estimation of a semi-compensatory model with flexible error structure'. in Proceedings of the 12th International Conference on Travel Behavior Research. The International Association for Travel Behaviour Research.

APA

Kaplan, S., Shiftan, Y., & Bekhor, S. (2009). Development and estimation of a semi-compensatory model with flexible error structure. In Proceedings of the 12th International Conference on Travel Behavior Research. The International Association for Travel Behaviour Research.

CBE

Kaplan S, Shiftan Y, Bekhor S. 2009. Development and estimation of a semi-compensatory model with flexible error structure. In Proceedings of the 12th International Conference on Travel Behavior Research. The International Association for Travel Behaviour Research.

MLA

Kaplan, Sigal, Yoram Shiftan and Shlomo Bekhor "Development and estimation of a semi-compensatory model with flexible error structure". Proceedings of the 12th International Conference on Travel Behavior Research. The International Association for Travel Behaviour Research. 2009.

Vancouver

Kaplan S, Shiftan Y, Bekhor S. Development and estimation of a semi-compensatory model with flexible error structure. In Proceedings of the 12th International Conference on Travel Behavior Research. The International Association for Travel Behaviour Research. 2009.

Author

Kaplan, Sigal; Shiftan, Yoram; Bekhor, Shlomo / Development and estimation of a semi-compensatory model with flexible error structure.

Proceedings of the 12th International Conference on Travel Behavior Research. The International Association for Travel Behaviour Research, 2009.

Publication: Research - peer-reviewArticle in proceedings – Annual report year: 2009

Bibtex

@inbook{bd04d5cb3975480785def33116cca81d,
title = "Development and estimation of a semi-compensatory model with flexible error structure",
publisher = "The International Association for Travel Behaviour Research",
author = "Sigal Kaplan and Yoram Shiftan and Shlomo Bekhor",
year = "2009",
booktitle = "Proceedings of the 12th International Conference on Travel Behavior Research",

}

RIS

TY - GEN

T1 - Development and estimation of a semi-compensatory model with flexible error structure

A1 - Kaplan,Sigal

A1 - Shiftan,Yoram

A1 - Bekhor,Shlomo

AU - Kaplan,Sigal

AU - Shiftan,Yoram

AU - Bekhor,Shlomo

PB - The International Association for Travel Behaviour Research

PY - 2009

Y1 - 2009

N2 - Semi-compensatory models show promise in representing two-stage choice processes by integrating choice set formation within discrete choice models. However, they are subject to simplifying assumptions that limit their application. The current study proposes a novel semi-compensatory model that alleviates these simplifying assumptions concerning (i) the number of alternatives, (ii) the representation of choice set formation, and (iii) the error structure. The proposed semi-compensatory model represents a sequence of choice set formation based on the conjunctive heuristic with correlated thresholds, and utility-based choice accommodating alternatively nested substitution patterns across the alternatives and random taste variation across the population. The proposed model is applied to off-campus rental apartment choice of students. Results show (i) the estimated model for a universal realm of 200 alternatives and 41 choice sets, (ii) the threshold representation as a function of individual characteristics, and (iii) the feasibility and importance of introducing a flexible error structure into semi-compensatory models.

AB - Semi-compensatory models show promise in representing two-stage choice processes by integrating choice set formation within discrete choice models. However, they are subject to simplifying assumptions that limit their application. The current study proposes a novel semi-compensatory model that alleviates these simplifying assumptions concerning (i) the number of alternatives, (ii) the representation of choice set formation, and (iii) the error structure. The proposed semi-compensatory model represents a sequence of choice set formation based on the conjunctive heuristic with correlated thresholds, and utility-based choice accommodating alternatively nested substitution patterns across the alternatives and random taste variation across the population. The proposed model is applied to off-campus rental apartment choice of students. Results show (i) the estimated model for a universal realm of 200 alternatives and 41 choice sets, (ii) the threshold representation as a function of individual characteristics, and (iii) the feasibility and importance of introducing a flexible error structure into semi-compensatory models.

BT - Proceedings of the 12th International Conference on Travel Behavior Research

T2 - Proceedings of the 12th International Conference on Travel Behavior Research

ER -