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ANALYSIS OF THE EFFECTS OF CAPTIVITY ON TRAVEL TIME AND COST ELASTICITIES

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Transportation Planning and Optimization Economic and Environmental Valuation Energy, Environment, and Transportation Policies

Abstract

Our theoretical and empirical analyses have shown that the biases introduced into parameter estimation and model forecasts by ignoring the existence of captivity (and more generally, that of choice set generation) can be significant. The implication of our work for transport analysts is that decisions based on demand estimates that do not consider captivity potentially result in misallocation of scarce resources. Though our empirical work is conducted with the choice of mode to work in a developing country, the implications drawn should be extensible to other choice dimensions and locations.

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1998Introduction to Attribute-Based Stated Choice Methods 2001Choice set generation within the generalized extreme value family of discrete choice models 1997Modeling Methods for Discrete Choice Analysis 1993Constrained choice sets in the U.K. demand for private medical insurance 1989An econometric analysis of the demand for private health insurance in England and Wales 2007Advanced Choice Models 2020A multi-modal network equilibrium model with captive mode choice and path size logit route choice 2014Evolution of latent modal captivity and mode choice patterns for commuting trips: A longitudinal analysis using repeated cross-sectional datasets

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