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.
Language
- English
Project
- Status: Completed
- Funding: $20000
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Contract Numbers:
DTRT13-G-UTC58
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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
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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