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elasticity for forecasting the future VTTS in economic evaluations of transport projects. This discrepancy may be resolved as …
Persistent link: https://www.econbiz.de/10005556242
Persistent link: https://www.econbiz.de/10005118996
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
that the decentralization of population and of jobs shortens commutes while increasing the number of discretionary trips …
Persistent link: https://www.econbiz.de/10005062510
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...
Persistent link: https://www.econbiz.de/10005062524
four public transport modes. A formulation in preference space in terms of constant marginal utilities is rejected in favor …
Persistent link: https://www.econbiz.de/10005556185
Since many rural commuters depend on the private car due to lack of convenient public transport, car reduction policies … designed for large cities with ample public transport may be unsuitable for smaller towns. In particular, pricing policies … designed to encourage public transport use may be less effective, as commuters with no convenient substitute to driving will be …
Persistent link: https://www.econbiz.de/10005118968
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
We examine trend economic developments in New Zealand and in each of Australia’s six states and two territories (i.e. nine regions) in order to inform issues regarding economic policy harmonisation across Australasia. Our focus is on trend developments in GDP, population, GDP per capita and...
Persistent link: https://www.econbiz.de/10005076558
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2)...
Persistent link: https://www.econbiz.de/10005076836