Università della Svizzera italiana

Modelling freight transport demand and reference dependent choice behaviour

Masiero, Lorenzo ; Maggi, Rico (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2010 ; 2010ECO002.

The thesis focuses on discrete choice models for freight transport demand with a particular emphasis on the estimation of willingness to pay (WTP) and willingness to accept (WTA) measures. In order to cope with the research objective, I extend the classic discrete choice model specifications towards the frontier of the current literature on asymmetric model specifications in stated choice...

Università della Svizzera italiana

Shift of reference point and implications on behavioral reaction to gains and losses

Masiero, Lorenzo ; Hensher, David A.

It is widely recognized that individual decision making is subject to the evaluation of gains and losses around a reference point. The estimation of discrete choice models increasingly use data from stated choice experiments which are pivoted around a reference alternative. However, to date, the specification of a reference alternative in transport studies is fixed, whereas it is common to...

Università della Svizzera italiana

Analyzing loss aversion and diminishing sensitivity in a freight transport stated choice experiment

Masiero, Lorenzo ; Hensher, David A.

Choice behaviour might be determined by asymmetric preferences whether the consumers are faced with gains or losses. This paper investigates loss aversion and diminishing sensitivity, and analyzes their implications on willingness to pay and willingness to accept measures in a reference pivoted choice experiment in a freight transport framework. The results suggest a significant model fit...