Showing 1 - 10 of 20
The logsum formula, which provides the expected maximum utility for the multinomial logit model, is often used as a measure of welfare. We provide here a closed form formula of the welfare measure of an individual who has not access to his first-best choice, but has access to his rth-best...
Persistent link: https://www.econbiz.de/10010543501
Almost all models of the (New) Economic Geography have focused on interregional transportation costs to understand industrial location, considering regions as dots without intraregional transportation costs. We introduce a distinction between interregional and intraregional transportation costs....
Persistent link: https://www.econbiz.de/10010751009
There is still a long way to achieve the goal of providing a theoretical and empirical framework to model and apply economics of the family. Decision-making within the family has been neglected too long in transportation. Two special issues by Bhat and Pendyala, 2005 and by Timmermans and Junyi...
Persistent link: https://www.econbiz.de/10010638977
Persistent link: https://www.econbiz.de/10006773084
This paper proposes an analytical formulation of discomfort in mass transit and discusses its micro-economic properties. The formula we introduce reflects real situations faced by the passengers, it has nice mathematical properties and it is easy to compute. The discomfort formulation is used to...
Persistent link: https://www.econbiz.de/10010821187
This paper models success probability in imperfectly discriminating contests involving multiple players and multiple prizes. This turns out to be a generalization of Tullock's contest success function to a multiplayer, multi-prize situation. The model can be used to analyse e orts exerted by...
Persistent link: https://www.econbiz.de/10010821213
According to the seminal Cost Recovery Theorem the revenues from congestion tolls pay for the capacity costs of an optimal-sized facility if capacity is perfectly divisible, and if user costs and capacity costs have constant scale economies. This paper extends the Theorem to long-run uncertainty...
Persistent link: https://www.econbiz.de/10010821262
This paper reviews the transportation models used for predicting impacts of congestion charging in European cities and carries out in-depth comparison of two such models, METROPOLIS and SILVESTER. Both are mesoscopic dynamic models involving modal split, route choice and departure time choice...
Persistent link: https://www.econbiz.de/10010821315
There is still a long way to achieve the goal of providing a theoretical and empirical framework to model and apply economics of the family. Decision-making within the family has been neglected too long in transportation. Two special issues by Bhat and Pendyala, 2005 [17] and by Timmermans and...
Persistent link: https://www.econbiz.de/10010821318
The effect of an individual-specific measure of accessibility to jobs is analyzed using a three-level nested logit model of residential location, workplace, and job type choice. This measure takes into account the attractiveness of different job types when the workplace choice is anticipated in...
Persistent link: https://www.econbiz.de/10010899354