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  4. Correcting for endogeneity due to omitted attitudes: Empirical assessment of a modified MIS method using RP mode choice data
 
research article

Correcting for endogeneity due to omitted attitudes: Empirical assessment of a modified MIS method using RP mode choice data

Fernandez-Antolin, Anna  
•
Guevara-Cue, Angelo
•
de Lapparent, Matthieu  
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2016
Journal of Choice Modelling

In this paper we extend the Multiple Indicator Solution (MIS) so that it can also be used to account for endogeneity when there are interactions between observed and unobserved factors in the specification of the utility function. We develop the theoretical derivation and illustrate it with a revealed preference case study of mode choice. Policy indicators such as time elasticity and value of time are discussed. The results are compared with a logit model and with an Integrated Choice and Latent Variable (ICLV) model. Results show that endogeneity is present in the case study and that the proposed variation of the MIS method is practical and able to account for it. Our proposed method can be seen as a starting point for the practical detection and treatment of this type of endogeneity without the drawbacks of multifold integration. (C) 2016 Elsevier Ltd. All rights reserved.

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Type
research article
DOI
10.1016/j.jocm.2016.09.001
Web of Science ID

WOS:000388034900001

Author(s)
Fernandez-Antolin, Anna  
Guevara-Cue, Angelo
de Lapparent, Matthieu  
Bierlaire, Michel  
Date Issued

2016

Publisher

Elsevier Sci Ltd

Published in
Journal of Choice Modelling
Volume

20

Start page

1

End page

15

Subjects

Discrete choice models

•

Mode choice

•

Value of time

•

Endogeneity

•

Multiple indicator solution

•

Latent variable

•

Revealed preference

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
TRANSP-OR  
Available on Infoscience
September 15, 2016
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/129360
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