A Logit Model With Endogenous Explanatory Variables and Network Externalities
A novel logit model is presented that explicitly includes endogeneity in explanatory variables whose values depend on individual choice decisions that involve network externalities or social interactions such as those impacting road congestion or public transport comfort and convenience. The propose...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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Springer US
2016
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| Online Access: | http://hdl.handle.net/1721.1/103138 https://orcid.org/0000-0001-8859-0938 |
| _version_ | 1826215002147651584 |
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| author | de Grange, Louis González, Felipe Troncoso, Rodrigo Vargas Olguin, Ignacio Javier |
| author2 | Massachusetts Institute of Technology. Department of Civil and Environmental Engineering |
| author_facet | Massachusetts Institute of Technology. Department of Civil and Environmental Engineering de Grange, Louis González, Felipe Troncoso, Rodrigo Vargas Olguin, Ignacio Javier |
| author_sort | de Grange, Louis |
| collection | MIT |
| description | A novel logit model is presented that explicitly includes endogeneity in explanatory variables whose values depend on individual choice decisions that involve network externalities or social interactions such as those impacting road congestion or public transport comfort and convenience. The proposed specification corrects for this particular type of endogeneity. The model is derived from a linearly constrained maximum entropy optimization problem that incorporates the network externalities or social interactions causing the endogeneity. It is validated through simulations and an application to a case of transport mode choice in a Chilean city using real data. |
| first_indexed | 2024-09-23T16:15:16Z |
| format | Article |
| id | mit-1721.1/103138 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T16:15:16Z |
| publishDate | 2016 |
| publisher | Springer US |
| record_format | dspace |
| spelling | mit-1721.1/1031382022-09-29T19:09:29Z A Logit Model With Endogenous Explanatory Variables and Network Externalities de Grange, Louis González, Felipe Troncoso, Rodrigo Vargas Olguin, Ignacio Javier Massachusetts Institute of Technology. Department of Civil and Environmental Engineering Vargas Olguin, Ignacio Javier A novel logit model is presented that explicitly includes endogeneity in explanatory variables whose values depend on individual choice decisions that involve network externalities or social interactions such as those impacting road congestion or public transport comfort and convenience. The proposed specification corrects for this particular type of endogeneity. The model is derived from a linearly constrained maximum entropy optimization problem that incorporates the network externalities or social interactions causing the endogeneity. It is validated through simulations and an application to a case of transport mode choice in a Chilean city using real data. Fondo Nacional de Desarrollo Científico y Tecnológico (Chile) (Grant No. 11121199) 2016-06-16T22:57:25Z 2016-06-16T22:57:25Z 2015-01 2016-05-23T12:17:24Z Article http://purl.org/eprint/type/JournalArticle 1566-113X 1572-9427 http://hdl.handle.net/1721.1/103138 de Grange, Louis et al. “A Logit Model With Endogenous Explanatory Variables and Network Externalities.” Networks and Spatial Economics 15.1 (2015): 89–116. https://orcid.org/0000-0001-8859-0938 en http://dx.doi.org/10.1007/s11067-014-9271-5 Networks and Spatial Economics Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. Springer Science+Business Media New York application/pdf Springer US Springer US |
| spellingShingle | de Grange, Louis González, Felipe Troncoso, Rodrigo Vargas Olguin, Ignacio Javier A Logit Model With Endogenous Explanatory Variables and Network Externalities |
| title | A Logit Model With Endogenous Explanatory Variables and Network Externalities |
| title_full | A Logit Model With Endogenous Explanatory Variables and Network Externalities |
| title_fullStr | A Logit Model With Endogenous Explanatory Variables and Network Externalities |
| title_full_unstemmed | A Logit Model With Endogenous Explanatory Variables and Network Externalities |
| title_short | A Logit Model With Endogenous Explanatory Variables and Network Externalities |
| title_sort | logit model with endogenous explanatory variables and network externalities |
| url | http://hdl.handle.net/1721.1/103138 https://orcid.org/0000-0001-8859-0938 |
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