Toggle Main Menu Toggle Search

Open Access padlockePrints

On the treatment of the repeated observations in panel data: efficiency of Mixed Logit parameter estimates

Lookup NU author(s): Professor Elisabetta Cherchi

Downloads

Full text for this publication is not currently held within this repository. Alternative links are provided below where available.


Abstract

Travel demand models are usually estimated using cross-sectional data. Although the use of panel data has recently increased in many areas, there are still many aspects that have not been fully analyzed. Some examples of unexplored topics are: the optimal length of panel surveys and the resulting issue of how to model panel data correctly in the presence of repeated observations (for example, several trips per week, by people in a panel with waves every six months) and whether, and to which extent, this affects the efficiency of the estimated parameters and their capability to replicate the true situation. In this paper we analyse this issue and test the effect of including journeys made, with the same characteristics, several times in a week. A broad variety of models accounting for fixed parameters but also for random heterogeneity and correlation among individuals were estimated using real and synthetic data.The real data comes from the Santiago Panel (2006–2008), while the synthetic data were appropriately generated to examine the same problem in a controlled experiment. Our results show that having more observations per individual increases the probability of capturing more effects (i.e. different types of heterocedasticity), but having identical observations in a data panel reduces the capability to reproduce the true phenomenon. Consequently, the definition of panel survey length demands us to consider the implicit level of routine (i.e. the proportion of identical observations) in it.


Publication metadata

Author(s): Yáñez MF, Cherchi E, Heydecker BG, Ortúzar J de D

Publication type: Article

Publication status: Published

Journal: Network and Spatial Economics

Year: 2011

Volume: 11

Issue: 3

Pages: 393-418

Print publication date: 01/09/2011

Online publication date: 27/08/2010

ISSN (print): 1566-113X

ISSN (electronic): 1572-9427

Publisher: Springer

URL: https://doi.org/10.1007/s11067-010-9143-6

DOI: 10.1007/s11067-010-9143-6


Altmetrics

Altmetrics provided by Altmetric


Actions

Find at Newcastle University icon    Link to this publication


Share