This paper describes the derivation and the econometric calibration of a joint time assignment – mode choice model with a microeconomic foundation, to be applied to the TASTI (Time ASsignment Travel and Income) database. The econometric procedure is a full information maximum likelihood with three nonlinear continuous equations and one discrete choice. We use Lee’s transformation to include cor...

Pregibit: A Family of Discrete Choice Models The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests logit, approximately nests probit, loglog, cloglog and goss...

We examine three models for sample selection that are relevant for modeling credit scoring by commercial banks. A binary choice model is used to examine the decision of whether or not to extend credit. The selectivity aspect enters because such models are based on samples of individuals to whom credit has already been given. A regression model with sample selection is suggested for predicting e...

The increase of a new product’s sales is usually attributed to consumers becoming informed about the existence of the product. Advertising can accelerate this consumer awareness process. This paper evaluates this effect. I develop and estimate a structural model in which the consumer purchase decision is specified using a discrete choice model with variation in the choice set, according to the ...

Conventional wisdom suggests that urban revitalization can harm the poor, primarily by raising rents. It has also been argued that urban decline harms the poor by reducing job opportunities, the quality of local public services, and other neighborhood amenities. This seeming contradiction can be explained in a model incorporating moving costs and neighborhood quality change sufficiently large t...

This paper provides a different perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4672 Belgian firms observed between 2003 and 2010 that permits to distinguish the ‘ownership status’ of firms. He considers a dynamic discrete choic...

The main purpose of this study is to derive forest recreation demand in Jizerske Mountains Protected Landscape Area and to disentangle aesthetic factors that are responsible for changes in recreation utility of visitors. We estimate visitors’ preferences for alternative forest sites as a function of site characteristics using choice experiment technique. As forest scenic beauty may represent a ...