Advanced continuous-discrete model for joint time-use expenditure and mode choice estimation

Jokubauskaitė, Simona and Hössinger, Reinhard and Aschauer, Florian and Gerike, Regine and Jara-Díaz, Sergio and Peer, Stefanie and Schmid, Basil and Axhausen, Kay W. and Leisch, Friedrich (2019) Advanced continuous-discrete model for joint time-use expenditure and mode choice estimation. Transportation Research Part B: Methodological, 129. pp. 397-421. ISSN 01912615

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Abstract

This paper presents the joint time use, expenditure and mode choice model, based on the theoretical Framework of Jara-Díazand Gueva (2003), for the first time estimated in Panel Setting while using Survey edexpenditure data. This extended estimation takes into account multiple trips per individual, as well as mode availability. The model was es-timated using the novel dataset gathered in Austria in 2015. It includes individual-specific Information on time-use, expenditures and mode choice. As a result, we calculate the value of leisure (VoL), travel time savings (VTTS) and time as signed to travel (VTAT), that are rel-evant inputs to appraisals of transport policies. We also show that, at least fort he Austrian working population, the omission of expenditures in the model might result in a significant overestimation of the value of leisure (16.83%); the VoL (9.29€/h) was estimated to be considerably lower than the wage rate (12.14€/h) and the VTTS varies strongly between the modes (9.98€/h for car, 3.91€/h for public transport, 9.25€/h for bike and 17.53€/h for walk). The joint estimation framework produced positive estimates of VTAT (5.38€/h) only for public transport, reflecting the favorable public transport conditions in Austria.

Item Type: Article
Keywords: Joint continuous-discrete model, Value of leisure, Value of travel time, Value of time as signed to travel Expenditure, Mode choice
Divisions: Departments > Sozioökonomie > Multi-Level Governance and Development
Version of the Document: Published
Depositing User: ePub Administrator
Date Deposited: 30 Oct 2019 13:51
Last Modified: 31 Oct 2019 13:10
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/92477/
URI: https://epub.wu.ac.at/id/eprint/7269

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