Public transportation in Cartagena, Colombia : understanding preferences using discrete choice models
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2013
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This paper revisits the data set collected by Toro, Alvis and Arellano (2005) in order to evaluated three main models in transportation: probit, conditional logit, and the nested logit. The results show that the advantages of other transportation modes over buses are their lower travel and waiting times. Additionally, it was found that a traveler facing equal times and cost would prefer bus rather than other alternatives
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Economía & Regiónyr: 2013;no: 7;iss: 1