The expression of the choice probabilities of RUM models in which the utility errors distribution is a polynomial copula with Gumbel marginals is derived. In particular, it is shown that the expression of the Choice Probability Generating Function can be easily obtained from the polynomial copula of the distribution. This result is particularized for two types of polynomial copulas: the multivariate Farlie–Gumbel–Morgenstern copulas and the Baker's copulas. The correlation coefficient of the errors with these copulas is also obtained. The corresponding RUM models may account for relatively large negative and positive correlation. The RUM models introduced in this work are applied to two samples of interurban trips with three alternatives: airplane, rail and car. The results of the fit show that the models presented in this work may account for the correct correlation sign between the alternative errors and yield a better fit than a nested logit model.
Choice probabilities of random utility maximization models when the errors distribution is a polynomial copula with Gumbel marginals
Transportmetrica A: Transport Science ; 16 , 3 ; 439-472
2020-01-01
34 pages
Article (Journal)
Electronic Resource
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