Showing 1 - 9 of 9
The relationship between speed and income is established in a micro- economic model focusing on the trade-off between … travel time and the risk of receiving a penalty for exceeding the speed limit. This is used to determine when a rational … driver will choose to exceed the speed limit. The relationship between speed and income is found again in the empirical …
Persistent link: https://www.econbiz.de/10005062524
equilibrium of land, labor and product markets and the trade-off between labor supply, commuting and discretionary travel. We show …
Persistent link: https://www.econbiz.de/10005062510
Using nonparametric methods, the paper examines the specification of a model to evaluate the distribution of willingness-to-pay (WTP) for travel time savings from binomial choice data from a simple time-cost trading experiment involving four public transport modes. A formulation in preference...
Persistent link: https://www.econbiz.de/10005556185
The paper presents an analysis of the income elasticity of the value of travel time savings (VTTS). It expands on previous micro-econometric estimates of the VTTS on binary choice experimental data by accounting for income taxes, for the dependence of trip length on income and for the stochastic...
Persistent link: https://www.econbiz.de/10005556242
estimates reported in studies of commuting in larger urban areas, while the demand for public transport is considerably more …
Persistent link: https://www.econbiz.de/10005118968
Persistent link: https://www.econbiz.de/10005118996
This paper uses Stated Choice (SC) data to forecast the demand for an employee Park and Ride service. Since it is well known that SC data contain sources of variation not present in Revealed Preference (RP) data we pay special attention to the scaling of the SC model. The results show that the...
Persistent link: https://www.econbiz.de/10005118998
The distribution of the value of travel time savings (VTTS) is investigated employing various nonparametric techniques on a large, high quality data set. When background variables are not included in the model it is found that the right 13% tail of the distribution is not observed and hence the...
Persistent link: https://www.econbiz.de/10005119038
This paper shows that in the Baltic countries, commuting reduces urban- rural wage and employment disparities and … increases national output. To quantify the effect of commuting on wage differentials, two sets of earnings functions are … rural areas, as well as between capital and other cities is significantly narrowed by commuting in some cases but remains …
Persistent link: https://www.econbiz.de/10005076527