2015
DOI: 10.1016/j.tra.2015.10.005
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Critical assessment of five methods to correct for endogeneity in discrete-choice models

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Cited by 62 publications
(64 citation statements)
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“…In the base model, the parameter of the housing price is positive and significant, which is inconsistent (Guevara 2015). In model 2, the proximity to metro, tramway and railway stations has a positive effect, which confirms the positive effect of the presence of PT stations, while the proximity to motorways has a negative one.…”
Section: Analysis Of the Model Parametersmentioning
confidence: 87%
“…In the base model, the parameter of the housing price is positive and significant, which is inconsistent (Guevara 2015). In model 2, the proximity to metro, tramway and railway stations has a positive effect, which confirms the positive effect of the presence of PT stations, while the proximity to motorways has a negative one.…”
Section: Analysis Of the Model Parametersmentioning
confidence: 87%
“…Endogeneity results in inconsistent estimators of the parameters in several standard econometric models, including linear models (Wooldridge, ) and discrete‐choice models (Guevara, ). The method of IVs provides a general solution to the problem of endogenous explanatory variables (Wooldridge, ).Finding suitable excluded instruments is in general quite challenging, and particularly challenging in this analysis.…”
Section: The Potential Endogeneity and Multicollinearity Problemsmentioning
confidence: 99%
“…travel costs and travel times), then one will not be able to make valid causal inferences. To a certain extent, this fact has been acknowledged by academics who work in the field of travel demand modeling (Petrin and Train, 2010;Mabit and Fosgerau, 2010;Pinjari et al, 2011;Guevara, 2015), but such knowledge is not routinely reflected in travel demand research, and it is largely ignored by travel demand modeling practitioners.…”
Section: The Current State Of the Unionmentioning
confidence: 99%