Addressing endogeneity in strategic urban mode choice models
Author
dc.contributor.author
Guerrero, Thomas E.
Author
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Guevara Cue, Cristián Angelo
Author
dc.contributor.author
Cherchi, Elisabetta
Author
dc.contributor.author
Dios Ortúzar, Juan de
Admission date
dc.date.accessioned
2020-07-07T15:47:23Z
Available date
dc.date.available
2020-07-07T15:47:23Z
Publication date
dc.date.issued
2020
Cita de ítem
dc.identifier.citation
Transportation (2020)
es_ES
Identifier
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10.1007/s11116-020-10122-y
Identifier
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https://repositorio.uchile.cl/handle/2250/175827
Abstract
dc.description.abstract
Endogeneity is a potential anomaly in econometric models, which may cause inconsistent parameter estimates. Transport models are prone to this problem and applications that properly correct for it are scarce. This paper focuses on how to address this issue in the case of strategic urban mode choice models (i.e., the third stage of classic strategic transport models), possibly the main tool for the assessment of costly transport projects. To address this problem, we propose and validate, for the first time, adequate instruments that may be obtained from data that is already available in this context. The proposed method is implemented using the Control Function approach, which we use to detect and correct for endogeneity in a case study in Valparaiso, Chile. The effects arising from the neglected endogeneity in this case study reflect on an overestimation between 26-49% of the subjective value of time and an underestimation of 33-75% of modal elasticities.
es_ES
Patrocinador
dc.description.sponsorship
ANID, FONDECYT
1191104
Instituto Sistemas Complejos de Ingenieria (ISCI)
ANID PIA/BASAL AFB180003
BRT+Centre of Excellence - Volvo Research and Educational Foundations