Econometric Issues in Estimating Consumer Preferences from Stated Preference Data: A Case Study of the Value of Automobile Travel Time
By J. Calfee, Clifford Winston, R. Stempski. Review of Economics and Statistics, 2001
142 citations recorded by the source corpus.
Subfields: Economics and Econometrics, General Decision Sciences, Transportation
View Paper: https://www.semanticscholar.org/paper/8ca4e176af746a650a76a8d9c44ecb284acca3fe
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- David Brownstone
- Kenneth Small
- Dennis Fok
- Richard Paap
- Bram van Dijk
- David A. Hensher
- Mogens Fosgerau
- Daisuke Fukuda
In General Decision Sciences
In Transportation
- David Brownstone
- Kenneth Small
- Dennis Fok
- Richard Paap
- Bram van Dijk
- David A. Hensher
- Mogens Fosgerau
- Chandra R. Bhat
Citations in the corpus
- Vehicle Choice Behavior and the Declining Market Share of U.S. Automakers (2007, unknown): “Brownstone and Train (1999), Calfee, Winston, and Stempski (2001), Small, Winston, and Yan (2004), and Berry, Levinsohn, and Pakes (2004) among others have found that they were able to identify the taste variation coefficients by estimating multiple choices made by each sampled consumer.”
- A rank-ordered logit model with unobserved heterogeneity in ranking capabilities. (2007, methodology): “If one wants to relax this assumption, our proposed strategy can be incorporated in rank-ordered probit models (Hajivassiliou and Ruud, 1994) or mixed rank-ordered logit model of Calfee et al. (2001), which do not suffer from the IIA assumption.”
- Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability (2005, unknown): “Calfee, Winston, and Stempski (2001) and Hensher (2001) measure the extent of unobserved heterogeneity using stated preference (SP) data describing hypothetical responses; but SP data are tainted by doubt whether behavior exhibited in hypothetical situations applies to actual choices.”
- Valuing time and reliability: assessing the evidence from road pricing demonstrations (2003, methodology): “Results from the SR91 and I-15 corridors based on RP lane-choice data almost always obtain median values of time of $20 to $40 per hour, at least five times as large as the results of Calfee et al. (2001). These values are typically 50-90 percent of the average wage rate in the sample, consistent wi”