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",,"–2,637.38",