A Latent Class Multiple Constraint Multiple Discrete-Continuous Extreme Value Model of Time Use and Goods Consumption

The aim of this proposal is to develop a microeconomic time-use framework that (a) accommodates technological relationships between time allocated to activities and goods consumption, and (b) proposed a discrete distribution for the response coefficients. This latent class model will be able to identify different segments of the population, each one of them with different effects of the exogenous variables on time allocation, activity participation, and goods consumption. This endogenous segmentation will be compared in a comprehensive fashion with the typical segmented estimation of microeconomic time use models (of the type discussed in the first paragraph of this abstract) from a theoretical, conceptual, and empirical data fit standpoint. The empirical analysis will be pursued using a 2012 Dutch data set on weekly time use and good expenditure.

Record URL:

Language

English

Project

Status: Completed
Funding: $20000
Contract Numbers:
DTRT13-G-UTC58
Sponsor Organizations:
Office of the Assistant Secretary for Research and Technology

University Transportation Centers Program
Department of Transportation
Washington, DC United States 20590
Project Managers:
Bhat, Chandra
Performing Organizations:
Data-Supported Transportation Operations and Planning Center

University of Texas at Austin
Austin, TX United States 78701
Principal Investigators:
Bhat, Chandra
Start Date: 20150101
Expected Completion Date: 20160630
Actual Completion Date: 0
Source Data: 118

Subject/Index Terms

TRT Terms: Activity choices; Consumption; Data analysis; Time duration; Value of time
Subject Areas: Data and Information Technology; Planning and Forecasting; Transportation (General);

Filing Info

Accession Number: 01580152
Record Type: Research project
Source Agency: Data-Supported Transportation Operations and Planning Center
Contract Numbers: DTRT13-G-UTC58
Files: UTC, RIP
Created Date: Oct 29 2015 12:25PM