FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3143965470> ?p ?o ?g. }

• W3143965470 endingPage "66" @default.
• W3143965470 startingPage "42" @default.
• W3143965470 abstract "Traditional multiple-discrete continuous choice models that have been formulated and applied in recent years consider a single linear resource constraint, which, when combined with consumer preferences, determines the optimal consumption point. However, in reality, consumers may face multiple resource constraints, such as those associated with time, money, and storage capacity. Ignoring such multiple constraints and instead using a single constraint can, and in general will, lead to poor data fit and inconsistent preference estimation, which can then have a serious negative downstream effect on forecasting and welfare/policy analysis. Unlike earlier attempts to address this multiple constraint situation, we formulate a new multiple-constraint (MC) multiple discrete continuous extreme value (MDCEV) model (or the MC-MDCEV model) that retains a closed-form probability structure and is as simple to estimate as the MDCEV model with one constraint. We achieve this by assuming a type-I extreme value distribution for the error term in its minimization form in the baseline utility preference of each good rather than a maximization form as in Bhat's (2005; 2008) original MDCEV formulation. The statistical foundation of the proposed model is based on the fact that the difference between a minimal type-I extreme value random variable with scale σ and the weighted sum of the exponential of standardized minimal type-I extreme value random variables (scaled up by σ) leads to an apparently new multivariate distribution that has an elegant and closed-form survival distribution function. Results from a simulation experiment show that our proposed model substantially outperforms single-constraint models; the results also highlight the serious mis-estimation that is likely to occur if only a subset of active constraints is used. The proposed model is applied to a case of week-long activity participation where individuals are assumed to maximize their utility from time-use subject to time and money budgets.It is hoped that our proposed simple closed-form multi-constraint MDCEV model will contribute to a new direction of application possibilities and to new research into situations where consumers face multiple constraints within a multiple discrete-continuous choice context." @default.
• W3143965470 created "2021-04-13" @default.
• W3143965470 creator A5069115743 @default.
• W3143965470 creator A5074858351 @default.
• W3143965470 date "2021-05-01" @default.
• W3143965470 modified "2023-10-03" @default.
• W3143965470 title "A new closed form multiple discrete-continuous extreme value (MDCEV) choice model with multiple linear constraints" @default.
• W3143965470 cites W1596120176 @default.
• W3143965470 cites W1663875709 @default.
• W3143965470 cites W1985896415 @default.
• W3143965470 cites W2003188595 @default.
• W3143965470 cites W2005317266 @default.
• W3143965470 cites W2028884096 @default.
• W3143965470 cites W2039810561 @default.
• W3143965470 cites W2087079643 @default.
• W3143965470 cites W2093051095 @default.
• W3143965470 cites W2110338644 @default.
• W3143965470 cites W2124116209 @default.
• W3143965470 cites W2131771089 @default.
• W3143965470 cites W2134104074 @default.
• W3143965470 cites W2137775641 @default.
• W3143965470 cites W2141303341 @default.
• W3143965470 cites W2146761085 @default.
• W3143965470 cites W2160754093 @default.
• W3143965470 cites W2349433535 @default.
• W3143965470 cites W2387135905 @default.
• W3143965470 cites W2766427256 @default.
• W3143965470 cites W2781105378 @default.
• W3143965470 cites W2789264979 @default.
• W3143965470 cites W2797413860 @default.
• W3143965470 cites W2885337731 @default.
• W3143965470 cites W2905304198 @default.
• W3143965470 cites W2908346112 @default.
• W3143965470 cites W2912607926 @default.
• W3143965470 cites W2914717526 @default.
• W3143965470 cites W2917782459 @default.
• W3143965470 cites W2936311698 @default.
• W3143965470 cites W3092128603 @default.
• W3143965470 cites W3122299928 @default.
• W3143965470 doi "https://doi.org/10.1016/j.trb.2021.03.005" @default.
• W3143965470 hasPublicationYear "2021" @default.
• W3143965470 type Work @default.
• W3143965470 sameAs 3143965470 @default.
• W3143965470 citedByCount "6" @default.
• W3143965470 countsByYear W31439654702022 @default.
• W3143965470 countsByYear W31439654702023 @default.
• W3143965470 crossrefType "journal-article" @default.
• W3143965470 hasAuthorship W3143965470A5069115743 @default.
• W3143965470 hasAuthorship W3143965470A5074858351 @default.
• W3143965470 hasConcept C105795698 @default.
• W3143965470 hasConcept C126255220 @default.
• W3143965470 hasConcept C147581598 @default.
• W3143965470 hasConcept C149782125 @default.
• W3143965470 hasConcept C169707849 @default.
• W3143965470 hasConcept C2524010 @default.
• W3143965470 hasConcept C2776036281 @default.
• W3143965470 hasConcept C2776330181 @default.
• W3143965470 hasConcept C33923547 @default.
• W3143965470 hasConceptScore W3143965470C105795698 @default.
• W3143965470 hasConceptScore W3143965470C126255220 @default.
• W3143965470 hasConceptScore W3143965470C147581598 @default.
• W3143965470 hasConceptScore W3143965470C149782125 @default.
• W3143965470 hasConceptScore W3143965470C169707849 @default.
• W3143965470 hasConceptScore W3143965470C2524010 @default.
• W3143965470 hasConceptScore W3143965470C2776036281 @default.
• W3143965470 hasConceptScore W3143965470C2776330181 @default.
• W3143965470 hasConceptScore W3143965470C33923547 @default.
• W3143965470 hasFunder F4320306108 @default.
• W3143965470 hasLocation W31439654701 @default.
• W3143965470 hasOpenAccess W3143965470 @default.
• W3143965470 hasPrimaryLocation W31439654701 @default.
• W3143965470 hasRelatedWork W1530677187 @default.
• W3143965470 hasRelatedWork W1903593587 @default.
• W3143965470 hasRelatedWork W2066464875 @default.
• W3143965470 hasRelatedWork W2082201324 @default.
• W3143965470 hasRelatedWork W2315852694 @default.
• W3143965470 hasRelatedWork W2346045174 @default.
• W3143965470 hasRelatedWork W3103858313 @default.
• W3143965470 hasRelatedWork W3122591188 @default.
• W3143965470 hasRelatedWork W3125311208 @default.
• W3143965470 hasRelatedWork W4320169065 @default.
• W3143965470 hasVolume "147" @default.
• W3143965470 isParatext "false" @default.
• W3143965470 isRetracted "false" @default.
• W3143965470 magId "3143965470" @default.
• W3143965470 workType "article" @default.