BTS | TABLE 3 - Summary of Empirical Results

TABLE 3 - Summary of Empirical Results

500 Halton draws; 3,568 observations

	Model 1: Full data		Model 2: Account for relevance
	Estimated parameter	t-ratio	Estimated parameter	t-ratio
Mean random parameters
Free flow time	0.0893	3.95	0.0451	2.14
Slowed down time	−0.2449	−6.67	−0.0164	−0.64
Toll route constant	2.8599	5.47	2.2173	4.75
Standard deviation of random parameters
Free flow time	0.1565	7.90	0.1303	6.99
Slowed down time	0.0360	2.81	0.1872	5.89
Toll route constant	5.0973	6.10	5.6430	6.90
Fixed parameters
Running cost	−0.4519	−11.21	−0.3781	−10.84
Toll cost	−0.7733	−12.72	−0.6224	−11.95
Heterogeneity in the mean of random parameters: free flow time
Lead to improved pedestrian safety	0.0016	2.84	0.0015	3.05
Heterogeneity in the mean of random parameters: slowed down time
Provide better access to and from the city	−0.0026	−2.64	−0.0031	−3.78
Lead to improved pedestrian safety	−0.0017	−2.41	−0.0006	−0.94
Avoid traffic lights	0.0032	2.53	0.0034	2.72
Heterogeneity in the mean of random parameters: toll cost
Provide better access to and from the city	0.0404	2.62	0.0133	0.96
Lead to improved pedestrian safety	−0.0290	−2.73	−0.0095	−0.99
Avoid traffic lights	0.0648	4.02	0.0699	4.54
Heteroskedasticity in random parameters
Free flow by trip kms	−0.0056	−3.22	−0.0091	−3.66
Slowed down time by trip kms	0.0149	4.34	−0.0293	−3.84
Toll route constant by trip kms	−0.0229	−8.03	−0.0270	−8.80
LL(B)	−2,609.99	−2,609.99	−2,637.38	−2,637.38