Fellows Detail

Professor David Hensher

BCom (hons), PhD (NSW), FCIT, Comp IE Aust, FAITPM, MAPA

Elected: 1995

Discipline: Economics

Specialisation: economics, choice analysis, transport policy, travel demand

Profile

David Hensher is Professor of Management, and Founding Director of the Institute of Transport and Logistics Studies (ITLS) at The University of Sydney. Recipient of the 2009 IATBR Lifetime Achievement Award in recognition for his long-standing and exceptional contribution to IATBR as well as to the wider travel behaviour community. Recipient of the 2006 Engineers Australia Transport Medal for lifelong contribution to transportation. Honorary Fellow of Singapore Land Transport Authority, and a Past President of the International Association of Travel Behaviour Research. He has published extensively (over 500 papers) in the leading international transport journals and key journals in economics as well as 12 books. David has advised numerous government industry agencies, with a recent appointment to Infrastructure Australia’s reference panel on public transport, and is called upon regularly by the media for commentary.


 

Appointments

  • Peer Reviewer NSW Transport Plan 2010
  • Executive Board of Australian Inland Freight Railway
  • Member, NSW Technical Advisory Committee on Transport Data and Modelling
  • President, International Association of Travel Behaviour Research
  • Vice-Chair, World Conference of Transport Research Scientific Committee.
  • panel member of Transport NSW benchmarking  program;

  • specialist toll road project adviser to Thiess

  • member of Infrastructure Australia’s reference panel on public transport.

Publications

1. Hensher, D.A. (1977) Valuation of Business Travel Time, Oxford, Pergamon Press, 159pp

2. Hensher, D.A. (1986) Sequential and Full Information Maximum Likelihood Estimation of a Nested-Logit Model, Review of Economics and Statistics, Vol. LXVIII, No. 4, November; 657-667.

3. Hensher, D.A. (1984) Achieving Representativeness of the Observable Component of the Indirect Utility Function in Logit Choice Models: An Empirical Revelation, Journal of Business, Vol. 57, No. 2; 265-280.

 4. Hensher, D.A. and Louviere, J.J. (1983) Using Discrete Choice Models with Experimental Design Data to Forecast Consumer Demand for a Unique Cultural Event, Journal of Consumer Research, Vol. 10, No. 3, December; 348-361.

5. Truong, T.P. and Hensher, D.A. (1985) Measurement of Travel Times Values and Opportunity Cost from a Discrete-Choice Model, Economic Journal, Vol. 95, No. 378; 438-451.

6. Hensher, D.A. (1992) Dimensions of Automobile Demand: A Longitudinal Study of Household Automobile Ownership and Use, North-Holland, Amsterdam, 281 pp.

7. Hensher, D.A. (1994) Stated Preference Analysis of Travel Choices: The State of Practice, A special issue of Transportation on The Practice of Stated Preference Analysis, 21 (2), 106-134.

8. Hensher, D.A. and Waters, W.G. II (1994) Light Rail and Bus Priority Systems: Choice or Blind Commitment? in Research in Transportation Economics, Vol. III (ed. B. Starr Macmullen), JAI Press, Greenwich, Connecticut, 139-162.

9. Hensher, D.A., Daniels, R. D and De Mellow, I. (1995) A Comparative Assessment of the Productivity of Australia's Railway Systems, 1970/71-1991/92, Journal of Productivity Analysis, 6(3), September, 201-224

10. Hensher, D.A., Louviere, J.J. and Swait, J. (1999) Combining Sources of Preference Data, Journal of Econometrics, 89, 197-221.

11. Hensher, D.A. (1998) The Timing of Change for Automobile Transactions: A Competing Risk Multispell Specification .in Ortuzar, J.D., Hensher, D.A. and Jara-Diaz, S. (eds) Travel Behaviour Research: Updating the State of Play, Pergamon Press, Oxford, 487-506.

12. Hensher, D.A. (1998) Establishing a Fare Elasticity Regime for Urban Passenger Transport Journal of Transport Economics and Policy, 32 (2), 221-246.

13. Brewer, A. and Hensher, D. A. (2000) Distributed Work and Travel Behaviour: The Dynamics of Interactive Agency Choices between Employers and Employees, Transportation, 27 (1), 117-148

14. Louviere, J.J., Hensher, D.A. and Swait, J. (2000) Stated Choice Methods: Analysis and Applications in Marketing, Transportation and Environmental Valuation, Cambridge University Press, Cambridge.

15. Hensher, D.A. and Greene, W.H. (2002) Specification and Estimation of the Nested Logit Model: Alternative Normalisations, Transportation Research B – Methodological, 36, pp 1-17.

16. Hensher, D.A. and Greene, W.H. (2003) The Mixed Logit Model: The State of Practice, Transportation, 30 (2), May 133-176.

17. Hensher, D.A. and Houghton, E. (2004) Performance-based quality contracts for the bus sector: delivering social and commercial value for money, Transportation Research B - Methodological, 38 (2), February 123-146.

18. Jones, S. and Hensher, D.A. (2004) Predicting Firm Financial Distress: a Mixed Logit Model, The Accounting Review (American Accounting Association), Vol. 79, No. 4, October, 1011-1038.

19. Hensher, D.A. (2006) How do Respondents Process Stated Choice Experiments? – Attribute consideration under varying information load, Journal of Applied Econometrics, 21, 861-878.

20. Hensher, D.A. (2008) Joint estimation of process and outcome in choice experiments and implications for willingness to pay, Journal of Transport Economics and Policy, 42 (2), May, 297-322

21.Hensher, D.A. (ed.) (2012) Transport Economics, Major Works in Transport Economics (4 volumes), Routledge, Oxford, 480pp.

22. Hensher, D.A., Greene, W.H. and Li, Z. (2011) Embedding Risk Attitude and Decisions Weights in Non-linear Logit to accommodate Time Variability in the Value of Expected Travel Time Savings, Transportation Research Part B 45, 954-972.

23. Scarpa, R., Thiene, M. and Hensher, D.A., Monitoring Choice Task Attribute Attendance in Non-Market Valuation of Multiple Park Management Services: Does it Matter? Land Economics, 86(4), 817-839.

Contact

Website: sydney.edu.au/business/staff/davidh
Email: david.hensher [at] sydney.edu.au

Contact Information

Academy of the Social Sciences in Australia

    ABN: 59 957 839 703
  • Location: 26 Balmain Crescent, Acton, ACT 2601
  • Postal: GPO Box 1956, Canberra, ACT 2601
  • +61 .2 62491788
  • +61 .2 62474335
  • secretariat@assa.edu.au