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Valuation of travel time and travelIer information

Rietveld, Piet - 2003

The value of travel time plays an important role in cost benefit analysis of infrastructureprojects. However, the issue of uncertainty on travel times and the implications this has forestimations of travel time values has received much less attention in the literature. In thispaper we compare...

Persistent link: https://www.econbiz.de/10011333900

Inherent efficiency, security markets, and the pricing of investment strategies

Zou, Liang - 2000

This paper applies the dichotomous theory of choice by Zou (2000a) tothe analysis of investmentstrategies and security …

Persistent link: https://www.econbiz.de/10011304380

Common risk factors in equity markets

Atanasov, Victoria - 2014 - This version: May 26, 2014

Empirical measures of world consumption growth risk have failed to rationalize the cross-section of country equity … returns. We propose a new factor, termed "the global consumption factor", to explain the patterns in risk premiums on … from 47 developed and emerging market countries over a four-decade period. Our risk factor reflects changes in the cross …

Persistent link: https://www.econbiz.de/10010362976

Value of time by time of day : a stated-preference study

Tseng, Yin-yen; Verhoef, Erik T. - 2007 - This version: 07/11/07

This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to being in the one location, over being elsewhere. It is...

Persistent link: https://www.econbiz.de/10011372988

Be patient when measuring Hyperbolic Discounting : stationarity, time consistency and time invariance in a field experiment

Janssens, Wendy; Kramer, Berber; Swart, Lisette - 2015

Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic discounting is a plausible explanation for choice reversals...

Persistent link: https://www.econbiz.de/10011307819

The Pre-commitment advantage of having a slow legislative system

Frijters, Paul; Tieman, Alexander F. - 2001

In this paper it is argued that the slowness of the legislativesystem implies pre-commitment of legislation for at least the periodit takes to change a law. A simple model illustrates the benefit ofthis pre-commitment.

Persistent link: https://www.econbiz.de/10011313929