The role of the reference alternative in the specification of asymmetric discrete choice models
- Masiero, Lorenzo Istituto di ricerche economiche (IRE), Facoltà di scienze economiche, Università della Svizzera italiana, Svizzera
- Rose, John M. Institute of Transport and Logistics Studies, Faculty of Economics and Busines, The University of Sydney, Australia
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04.12.2010
14 p.
English
Within the discrete choice modelling literature, there has been growing interest in including reference alternatives within stated choice survey tasks. Recent studies have investigated asymmetric utility specifications by estimating discrete choice models that include different parameters according to gains and losses relative to the values of the reference attributes. This paper analyses asymmetric discrete choice models by comparing specifications expressed as deviations from the reference point and specifications expressed in absolute values. The results suggest that the selection of the appropriate asymmetric model specification should be based on the type of the stated choice experiment.
- Language
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- English
- Classification
- Economics
- License
- License undefined
- Identifiers
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- RERO DOC 21617
- ARK ark:/12658/srd1318207
- Persistent URL
- https://n2t.net/ark:/12658/srd1318207
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