PPT-11 May, 2011 Discrete Choice Models and Behavioral Response to Congestion Pricing Strategies

Prepared for The TRB National Transportation Planning Applications Conference Mark Fowler amp Stacey Falzarano Resource Systems Group Inc Kazem Oryani and Cissy Kulakowski Wilbur Smith Associates. William Greene. Stern School of Business. New York University. 0 Introduction. 1 . Summary. 2 Binary Choice. 3 Panel Data. 4 Bivariate Probit. 5 Ordered Choice. 6 Count Data. 7 Multinomial Choice. 8 Nested Logit. University of Texas at Austin. Chandra R. . Bhat. Introduction: . Choice Modeling. A set of tools to predict the choice behavior of a group of decision-makers in a specific choice context.. Picture Reference: Future and Simple-Choice Modeling (by Steve Cook and Michael McGee). movement, congestion pricing, intermodal terminals, and multimodal corridor investment.original chapters have been kept largely intact with new material addedOrski; and Chapter 7, PeterCongestion and Conjoint analysis . Advanced Methods and Models in Behavioral Research. Conjoint analysis -> Multi-level models . You have to understand:. What it is. Which different kinds of Conjoint Analysis there are. William Greene. Stern School of Business. New York University. Part 11. Modeling Heterogeneity. Several Types of Heterogeneity. Observational: Observable differences across. choice makers. Choice strategy: How consumers make. William Greene. Stern School of Business. New York University. Part 12. Stated Preference and Revealed Preference Data. Panel Data. Repeated Choice Situations. Typically RP/SP constructions (experimental). --. Lecture 1: Pricing of communication services. Patrick . Loiseau. EURECOM. Fall 2012. References. M. Chiang. “Networked Life, 20 Questions and Answers”, CUP 2012. Chapter 11 and 12. . See the videos on . 1. Behavioral Economics. The model of economic behavior we have considered . in this course is . restrictive in a number of ways. Economic agents are assumed to be perfectly rational. Agents are assumed to perfectly understand risk and uncertainty. Conjoint analysis . Advanced Methods and Models in Behavioral Research. Conjoint analysis -> Multi-level models . You have to understand:. What it is. Which different kinds of Conjoint Analysis there are. A dynamic tolling system as a part of a proposed cordon based congestion pricing scheme for the Athens, Greece road network has been considered to be a possible management measure to mitigate the negative impacts of traffic congestion. . Syon Bhanot, . Swarthmore College. World Bank DIME Workshop, Istanbul, May 12, 2015. Many Behavioral Challenges…. (. Duflo. , Kremer, and Robinson, 2011). Many Behavioral Challenges…. (. Duflo. , Kremer, and Robinson, 2011). What is Congestion Pricing?. Definition - . A financial means of influencing when people drive in certain areas. Primary Goal - . To reduce traffic congestion during periods of peak demand. Secondary Goal . Market Skimming. Market Skimming. High price, Low volumes. Skim the profit from the market. Suitable for products that have short life cycles or which will face competition at some point in the future (e.g. after a patent runs out). Pricing Strategies. New-Product Pricing Strategies. Product Mix Pricing Strategies. Price Adjustment Strategies. Price Changes. Topic Outline. New-Product Pricing Strategies. Market-skimming pricing.