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Modelling Portfolio Choice in Transportation Research

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  • James B. Wiley
  • Harry J.P. Timmermans

Abstract

This paper argues that certain choice problems in transportation research can be best conceptualized as problems of portfolio choice. It discusses how portfolio choice problems can be studied using discrete choice experiments, stated choice (conjoint) methods. Issues in the construction in the design of experiments, model specification and estimation are discussed. A working example illustrates the basic approach. Finally, possible extensions of the basic approach are identified.

Suggested Citation

  • James B. Wiley & Harry J.P. Timmermans, 2008. "Modelling Portfolio Choice in Transportation Research," Transport Reviews, Taylor & Francis Journals, vol. 29(5), pages 569-586, October.
    • Handle: RePEc:taf:transr:v:29:y:2008:i:5:p:569-586
    DOI: 10.1080/01441640902829462
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    References listed on IDEAS

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    1. Harmen Oppewal & Harry Timmermans, 1991. "Context Effects And Decompositional Choice Modeling," Papers in Regional Science, Wiley Blackwell, vol. 70(2), pages 113-131, April.
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